The Choice of Tenancy Contract

Clive Bell

Chapter 9 in The Balance between Industry and Agriculture in Economic Development, 1989, pp 161-178 from Palgrave Macmillan

Abstract: Abstract As the textbooks tell us, when there is a complete set of perfectly competitive markets, including those for contingent commodities, it does not matter whether capital hires labour or labour hires capital. This indeterminacy denies any significance to the question of who actually organises production. Moreover, there is no room for diversity of contracts. For prices convey all relevant information and individuals can buy or sell as much of each contingent commodity as they please, taking prices as parametrically given.

Keywords: Moral Hazard; Insurance Market; Credit Market; Enforcement Cost; Draft Animal (search for similar items in EconPapers)
Date: 1989
References: Add references at CitEc
Citations: View citations in EconPapers (6)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:intecp:978-1-349-10268-6_11

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349102686

DOI: 10.1007/978-1-349-10268-6_11

Access Statistics for this chapter

More chapters in International Economic Association Series from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().