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associated with contractual formality represent the main transaction costs that hinder market progress. In a three-step theory, I …
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Formal written land leasing contracts offer an alternative to land purchase for those farmers wishing to expand their land area and provide greater security relative to informal short-term rental agreements and are particularly important for beginning farmers with resources insufficient to...
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represent the main transaction costs in the market. In a three-step theory, I model the process through which transaction costs …
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