land tenancy contract they signed with their tenant and similar subjective perception as a result of the (hypothetical …) alternative contract. This paper discusses how one might explicitly incorporate subjective perceptions in applied contract theory …

strength of the landlord’s property right increasing in the amount of risk she chooses to bear within the contract …. Sharecropping may thus emerge as the optimal contract even when the tenant is risk-neutral. Using data on landlords’ subjective … property rights drive contract choice while offering little support in favor of the canonical hypothesis that risk sharing …

population and the dynamics of poverty risk over time. The study takes into account the global spread of poverty. Based on cross …