A TRANSACTION COST ECONOMICS AND PROPERTY RIGHTS THEORY APPROACH TO FARMLAND LEASE PREFERENCES
Numerous theoretical approaches to farmland leasing contract choice have been developed with little consistent empirical support, particularly for the Corn Belt. A unique theoretical approach to explaining farmers' lease preferences is presented, using a combination of transaction cost economics and property rights theory. Results demonstrate that both transactional and certain producer characteristics are important motivators of contract choice.
Year of publication: |
2001
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Authors: | Moss, Leeann E. ; Barry, Peter J. ; Schnitkey, Gary D. ; Westgren, Randall E. |
Institutions: | Agricultural and Applied Economics Association - AAEA |
Keywords: | Land Economics/Use |
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