[PDF.52tu] The Nature of the Farm: Contracts, Risk, and Organization in Agriculture (MIT Press)
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The Nature of the Farm: Contracts, Risk, and Organization in Agriculture (MIT Press)
Douglas W. Allen, Dean Lueck
[PDF.ku87] The Nature of the Farm: Contracts, Risk, and Organization in Agriculture (MIT Press)
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| #2391610 in eBooks | 2004-08-20 | 2004-08-20 | File type: PDF|||| The Nature of the Farm is a superb application of the theory of incentives to the organizational features of agriculture, including the still-popular practice of sharecropping. Allen and Lueck measure their theories of sharecropping against the eviden
The Nature of the Farm is a theoretical and empirical study of contracts and organization in agriculture based on the transaction cost framework. Transaction costs are important in agriculture because nature (for example, seasonality, weather, pests) plays such a critical role in determining output and limiting the ability of farmers to specialize. The book develops specific models and tests the implications of those models against data sets from across No...
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