Tenancy and Soil Conservation in Market Equilibrium
Resource information
Date of publication
December 2001
Resource Language
ISBN / Resource ID
AGRIS:US2012203943
A theoretical analysis of equilibrium contracts between risk neutral landlords and tenants when tenants' soil exploitation is non-contractible indicates that landlords will overinvest in conservation structures. An empirical model using farm-level data provides evidence that investment in contractible soil conservation measures is greater on rental land.
