Pender, John; Fafchamps, Marcel - In: Journal of African Economies 15 (2006) 2, pp. 251-284
This paper develops a theoretical model of land leasing that includes transaction costs of enforcing labour effort, risk pooling motives and non-tradable capital inputs. We test the implications of this model compared to those of the "Marshallian" (unenforceable labour effort) and "New School"...