Abstract What The Theory of Share Tenancy did to share tenancy repeats what Coase did to Pigovian tax. The Theory of Share Tenancy pioneered the empirical study of transaction costs and property rights.

Abstract I met Steve in August 1968 when he and I were assigned as office mates in the old Social Science Building of the University of Chicago. Steve was visiting Chicago, finishing up his book on sharecropping – we had many talks about it – and I was just starting as an assistant...

Abstract There are fixed costs in production. One has to assemble rents earned in production lines to cover them. There are also fixed costs in consumption. Consumers assemble surpluses to cover them. In either case, rent assemblage could either be a quantity solution, a quality solution, or a...