The Theory of Share Tenancy

alternative earning analysis annual yield average chap chapter China Chinese choice compensating payments competition contracting parties contractual arrangements crop area crop hectare yield cultivation enforcement equals equilibrium farm land farmers farming inputs fertilizers fixed rent green manure harvested Hwalien Ibid implies income increased farming intensity interplanting investment JCRR Kaoshiung Land Economics land tenure landlord landowner landowner's lease duration Legislative Yuan marginal crops marginal product marginal tenant maximization metayage metayage system metayers mimeographed nonland inputs output owner farms ownership paddy fields percent planting Political Economy prefectures product of land product of tenant Province reduced rental percentage rental share restriction resource allocation rice risk risk aversion share contract share rent share tenancy sharecropping stipulated T₁ Taichung Taipei Taiwan Land Reform tenant cost tenant farms tenant inputs tenant labor tenant receipt theory of share tion transaction costs transfers University of Nanking vegetables yield per crop zero