www.youxs.org

Forgenerationseconomistsandlandtenurewritershavesoughttorankther,thechofresostatement.

InthischapterIhaveasked:Whyaredifferentcontractualarrangementschosenunderthesamesystemofprivatepropertyrights?vedcontractualbehavtheory:theproblemsinthetheoryofchoiceinvolvingtransactioncostsandrisksarestillformidable.

Althoughthepresenceoftransactioncostsorrisksmayresultindifferentintensitiesofresourceuse,aswasnotedearlierinthischapter,availabledatadonotrevealnotabledifferencesinfarmingintensitiesforvariousleasingarrangementsunderprivatepropertyrights.[1]ltivation,wagecontracts,fixedrents,,economictheoryimpliesatendencytowardthesame,transactioncostswouldhavetobesohighastoyield,forexample,thechoiceofacontract,however,havenotbeenimportantinAsianagricultureandcan,therefore,,theeffectsoftransactioncostsandrisksarerevealedmainlyintheobservedchoiceofcontractualarrangementsand,lessnotably,theriskpremiumsdistributedamongthecontractingparties.

angements.

[1].Oneexceptionisthatwefindthathousingassetsintenantfarmsweregenerallyoflowervaluethaninownerfarms（NationalGovernment,StatisticalAnalysis,www.youxs.org）.Itmaybebecausehousingisalsoaconsumptionitemandtenantsweretypicallypoorer.

Inproduction,costminimizationrequiresnotonlythefulfillmentofthefamiliarsetofmarginalequalities,,onerelevantconsiderationisthecostofalternativecontractualarrangements,,asacostconstraint,efficiencywillbeattainedwhen,otherthingsequal,,thevaryingeffectivenessoflawenforcement,orthevaryingcorruptibilityofcourts,,utions,theParetoconditionwithtransactioncostsisambiguous.

Ihavealsonotexploredthecon,orvariousmethodsofattenuatingtherightofaresourceownertoobtaininefromhisresource,,namely,thelegallimitationonthelandownersrentalinetoamaximumpercentageoftheannualyield.

AmongsomerelatedproblemsthatIhaveexplicitlyavoided,,withrespecttoriskaversion,amoregeneralanalysiswouldincludeallriskychoices,www.youxs.org.

,:Whatwillhappentothechoiceofcontractsifthegovernmentchangesitsenforcementefforts?TowhatextentwilltheseeffortsbeconsistentwiththeParetocondition?Whatsetoflegalinstitutionsisconsistentwiththeoperationofthemarketplace?Withthesequestionsunanswered,th

阅读佃农理论（英语原着）最新章节 请关注热血小说网(www.oaksh.cn)