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Vers une nouvelle reforme de l'organisation commune de marche de la banane

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  • Laroche-Dupraz, Catherine

Abstract

Sharecropping is usually explained by a trade-off between tenant's risk aversion and incentives (standard Principal-Agent approach) or between agency costs under various market imperfections, and with risk-neutral agents (transaction costs approach). This Mexican case-study illustrates a situation where contractual rationales refute the standard Principal-Agent model and where share- cropping can be analyzed as a resource pooling device, but without any major role given to moral hazard in contractual choice. In this situation, sharecropping features a partnership rather than agency relationships.

Suggested Citation

  • Laroche-Dupraz, Catherine, 2001. "Vers une nouvelle reforme de l'organisation commune de marche de la banane," Économie rurale, French Society of Rural Economics (SFER Société Française d'Economie Rurale), vol. 261.
    • Handle: RePEc:ags:ersfer:354647
    DOI: 10.22004/ag.econ.354647
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