Tenancy and Soil Conservation in Market Equilibrium

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.

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Year of publication:	2001
Authors:	Lichtenberg, Erik
Institutions:	Agricultural and Applied Economics Association - AAEA
Keywords:	Land Economics/Use

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Extent:	application/pdf
Series:	2001 Annual meeting, August 5-8, Chicago, IL.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2001 Annual meeting, August 5-8, Chicago, IL Number 20489
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005503669