Reverse share tenancy, wherein poorer landlords rent out land to richer tenants on shares, is a common phenomenon. Yet it does not fit existing theoretical models of sharecropping and has never before been modeled in the economics literature. We explain share tenancy contracts using an asset...

It is often difficult to determine the extent to which observed output gains are due to a new technology itself, rather than to the skill of the farmer or the quality of the plot on which the new technology is tried. This attribution problem becomes especially important when technologies are not...

The literature on economic growth and development has focused considerable attention on questions of risk management and the possibility of multiple equilibria associated with poverty traps. We use herd history data collected among pastoralists in southern Ethiopia to study stochastic wealth...