第65章 佃农理论英语原著 59
- 作者：张五常
- 类型：综合其他
- 更新时间：2021-07-04 15:14:16
- 章节字数：4894字
www.youxs.org(a)theland-farmerratiodeclinedfortenantfarmsandincreasedforownerfarms,totheextentthattheformerwassignificantlylowerthanthelatter;(b)tenantswerereportedtohaveworkedlongerhoursandmoredaysinayear,(c)fertilizersusedwereofhigherquality;and(d)theincreaseintenantinewasreportedtohavebeenlargelyinvestedinland.
www.youxs.org:(a)thereallocationofresourcesasdescribedinparagraph1above;(b)theriseincropareaandcrophectareyieldofintramarginalcropsintenantfarms;(c)thesignificantriseincropareaformarginalcropsaddedintenantfarmsatarateproportionatelygreaterthanthedecreaseincrophectareyield,thusleadingtoariseoftotalyieldperacreofcultivated(physical)landintenantfarms;and(d)theproductionresponsesofhorticulture.
www.youxs.org:(a)thereallocationofresourcesasdescribedinparagraph1above;(b)thegeneraldecreaseincrophectareyieldsformarginalcropsaddedintenantfarms;and(c)theoutputresponsesofhorticulture.
www.youxs.org(a)ashortergrowingtime,or(b)talsharerestriction.
www.youxs.org
Thisstudyhasanalyzedtheinterplayofpropertylaws,economictheory,,thoughplex,isperhapstheonlyapproachthroughwhichtheeconomicsoflandtenurecanbeproperlyunderstood.
Ofthevariousaspectsoftheeconomicsofpropertyrights,Ihaveconcentra,foramongtenurearrangements,
ApreliminaryinvestigationofpropertylawsgoverningfarmlandownershipinChinaandTaiwanbefore1949concludedt,therefore,wasbinedwithstandardecono,thetheoreticalresultsshowedthatdifferentconthosenfromperiodsandlocationswheretheexistingsyste,buttheyrefutedthetradi-
,thetaxapproachfailedthetrialoflogicaswellasthetrialoffact.
Theterm”economicefficiency”fchoice,subjectt,,onewondersisetaliteratureprovidedaconvincingimpressionofmisallocation.
Buttheinefficiencyargumentagainstshareleasesisonlyoneo,ahighrentistakenas”exploitation”thatdampensthetenantsincentive,andshort-termleasesareregardedas”insecure”,lesharecroppingillegal,tointerveneinthetermsofthecontract,ortoabolishfarmtenancyaltogether.
WhileIarguedthatthetheoreticalresultsofthetax-equivalentanalysisareerroneous,Ididnotclaimthatunattenuatedprivatepr,,assumingzerotransactioncosts,thetheoryofshareten,thetheorysucceedsinexplainingmuchoftheobservedfarmingbehavior.
Sinceavarietyofcontractualarrangementsexistunderprivateownershipsofresources,,—thatcontractualchoicesaremadetoattainthepreferreddistributionofrisksubjecttotheconstraintoftransactioncosts—wasexpounded,itwasarguedthatleasedurationsarechosentominimizetransactioncosts.