The Economic Theory of Agrarian Institutions

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ISBN: 9780198287629 | 0198287623
Cover: Paperback
Copyright: 2/13/1992

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These specially commissioned essays apply new analytical methods to study the origins, maintenance, and adaptation of agrarian institutions in a variety of regions and cultures. The contributors, including J.E. Stiglitz, T.N. Srinivasan, Clive Bell, Louis Putterman, H. Binswanger, D. Newbery, and Alain de Janvry, focus on agrarian relations and rural development.

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the Economic Theory Of Agrarian Institutions	p. i
The Economic Theory of Agrarian Institutions	p. iii
Preface	p. vii
Contributors	p. viii
General Introduction	p. 1
Alternative Approaches to the Theory of Institutions in Economic Development	p. 3
Rational Peasants, Efficient Institutions, and a Theory of Rural Organization: Methodological Remarks for Development Economics	p. 18
Land and Labour	p. 31
Theories of Sharecropping	p. 33
A Comparison of Principal-Agent and Bargaining Solutions: The Case of Tenancy Contracts	p. 73
Appendix	p. 111
Credit and Interlinked Transactions	p. 145
Rural Credit Markets: The Structure of Interest Rates, Exploitation, and Efficiency	p. 147
On Choice Among Creditors and Bonded Labour Contracts	p. 203
A Note on Interlinked Rural Economic Arrangements	p. 237
Appendix	p. 256
Marketing and Insurance	p. 265
Agricultural Institutions for Insurance and Stabilization	p. 267
Peasants' Risk Aversion and the Choice of Marketing Intermediaries and Contracts: A Bargaining Theory of Equilibrium Marketing Contracts	p. 297
Co-Operatives, Technology, and the State	p. 317
Agricultural Producer Co-Operatives	p. 319
Bibliography	p. 383
Index	p. 405
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The Economic Theory of Agrarian Institutions

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