| In agriculture, the coexistence of different forms of land tenancy or labour contract has been explained so far by several theories related to Marshallian inefficiency, incentives, risk sharing, and transaction costs, including supervision costs. These theories and the empirical evidences have greatly contributed to explain the reasons behind land tenancy or labour contract choice. This study follows up on this. Moreover, it intends to take a further step by focusing particularly on the production technologies at plot level, and by designing and testing a theoretical model based on household profit optimization. This model will take into account the supervision costs of labour (i) to compare optimum profit derived from plots based on household labour, a... |
