Mukhamedova, Nozilakhon; Pomfret, Richard - In: Comparative Economic Studies 61 (2019) 4, pp. 576-597
A century ago, Alfred Marshall demonstrated the inefficiency associated with farmers receiving only a portion of their marginal product. Farmers will supply less labor than under arrangements in which they receive their marginal product; output will be sub-optimal. Explanations of sharecropping...