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	Provedor de dados AgEcon (1) Autor Dengu, T. (1) Lyne, Michael C. (1) Palavra-chave Crop production (1) Customary institutions (1) Insecure land tenure (1) Land Economics/Use (1) Moral hazard (1) Rental market (1) Transaction costs (1) Mais... Tipo do documento Journal Article (1) Ano 2007 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Secure land rental contracts and agricultural investment in two communal areas of KwaZulu-Natal AgEcon Dengu, T.; Lyne, Michael C.. This study tests the hypothesis that an efficient rental market for cropland is a significant determinant of agricultural investment in the communal areas of KwaZulu-Natal. An efficient rental market creates an opportunity cost for under-utilisation, which tends to transfer resources to more effective users. The efficiency of a rental market is compromised by the presence of transaction costs that reduce returns for both lessees and lessors. Transaction costs include risk arising from a possible breach of the rental contract. Potential losses caused by a breach of contract can be reduced by introducing a credible third-party to witness the contract. Likewise, moral hazard can be reduced by contracting with trusted persons. Data from household surveys... Tipo: Journal Article Palavras-chave: Customary institutions; Insecure land tenure; Rental market; Transaction costs; Moral hazard; Crop production; Land Economics/Use. Ano: 2007 URL: http://purl.umn.edu/8012 Registros recuperados: 1 Primeira ... 1 ... Última

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