Economics of Cost-Share Leases in Less-developed Countries

Dale W Adams and Norman Rask

American Journal of Agricultural Economics, 1968, vol. 50, issue 4, 935-942

Abstract: Economists have long recognized that output-share leases result in inefficiencies in variable resource use. Cost-share leases have been suggested as a way of overcoming this inefficiency. Only in rare cases, however, has cost sharing become a part of share leasing in less-developed countries. It is argued in this article that in less-developed countries landowners generally make more net income by not adopting cost-share leases. The societal loss due to output-share leasing, and several policy alternatives, in addition to cost-sharing, which might help resolve this inefficiency problem, are discussed.

Date: 1968
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://hdl.handle.net/10.2307/1237630 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:50:y:1968:i:4:p:935-942.

Access Statistics for this article

American Journal of Agricultural Economics is currently edited by Madhu Khanna, Brian E. Roe, James Vercammen and JunJie Wu

More articles in American Journal of Agricultural Economics from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().