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Agrarian reforms in developing rural economies characterized by interlinked credit and tenancy markets (anglais)

The paper concentrates on a model of linkage between land, labor and credit transactions in the context of sharecropping. The proof follows from the result that the tenant's optimal effort per hectare is a decreasing function of the size of the plot he cultivates. The utility equivalence result has the fundamental implication that policies other than land reform will leave the welfare of each potential tenant unaltered while affecting the level of...
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