|||| The Nature of the Farm is a superb application of the theory of incentives to the organizational features of agriculture, including the still-popular practice of sharecropping. Allen and Lueck measure their theories of sharecropping against the evide
The Nature of the Farm is a theoretical and empirical study of contracts and organization in agriculture based on the transaction cost framework. Transaction costs are important in agriculture because nature (for example, seasonality, weather, pests) plays such a critical role in determining output and limiting the ability of farmers to specialize. The book develops specific models and tests the implications of those models against data sets from across Nort... [PDF.ij37] The Nature of the Farm: Contracts, Risk, and Organization in Agriculture (MIT Press) Rating: 4.65 (629 Votes)
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You easily download any file type for your device.The Nature of the Farm: Contracts, Risk, and Organization in Agriculture (MIT Press) | Douglas W. Allen, Dean Lueck.Not only was the story interesting, engaging and relatable, it also teaches lessons.
