One of the often noted features of less-developed agrarian economies is the existence of interlinkages among the land, labor, credit, and product markets. The landlord is often the supplier of credit; he frequently purchases and markets the output of the tenant farmers, and often sells raw materials and even consumption goods to his tenant farmers. How can this phenomenon be explained? What are the welfare consequences of attempts to restrict these...
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INFORMATION
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1982/09/30
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Article de revue
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REP229
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1
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1
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2010/07/10
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Disclosed
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Sharecropping and the interlinking of agrarian markets
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relative price of goods
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