Under the usual assumption that the landlord is risk-neutral and the tenant is risk-averse, sharecropping is second-best in that it trades off risk sharing and incentives and leads to a constrained Pareto-efficient agreement. Many, however, have reported instances of reverse share tenancy, i.e.,...

While most studies looking at the consequences of tenurial insecurity on land markets in developing countries focus on the effects of tenurial insecurity on the investment behavior of landowners, this paper studies the hitherto unexplored relationship between tenurial insecurity and contract...

Over the past five years or so, applied economists have been relying increasingly on subjective perceptions to explain behavior. In Bellemare (2009a, 2009b) I elicited from landlords subjective perception of tenurial insecurity as a result of the land tenancy contract they signed with their...