An explanation of share tenancy in terms of unemployment,social norms and power |
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Authors: | Debarshi Das |
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Institution: | 1. Centre for Economic Studies and Planning, Jawaharlal Nehru University , New Delhi, 110067, India debarshi05@gmail.com |
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Abstract: | Due to persistent unemployment, peasant families in developing countries tend to employ more labour on the leased in land plots than a capitalist would. In labour surplus societies, therefore, landlords may earn higher surplus from leasing out land than from self-cultivation. By endogenising disguised unemployment this paper shows that greater power and unity of landlords and conservative social norms may explain the persistence of share tenancy in developing economies. |
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Keywords: | tenancy share tenancy capitalist farming Nash equilibrium subgame perfect Nash equilibrium coalition proof Nash equilibrium |
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