Zhu, Wenjue; Paudel, Krishna P.; Inoue, Sean; Luo, Biliang - In: China Agricultural Economic Review 13 (2021) 4, pp. 799-831
Purpose: The purpose is to understand why contract instability occurs when small landowners lease their land to large landholders. Design/methodology/approach: The authors develop a contract theoretical model to understand the stability problem in the farmland lease contract in China, where...