Commendatore, Pasquale; Currie, Martin - In: Metroeconomica 57 (2006) 4, pp. 443-463
This paper explores a dynamic model of an agricultural sector in which farms are leased to cultivators on fixed rent contracts or on sharecropping contracts and in which cultivators are subject to credit rationing by banks. The model, which can exhibit complex dynamics, is used to compare the...