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1、△:lntroduCtionA。ThescopeThisstudyconsistsoftwoparts。Thenrstpa⒒deⅡvesatheoryofsharetenancywithwhichtoexplorethenatureofresourceallocationunderoneofthe血ainformsoflandtenureinag^ˉculture.sharetenancyisalandleaseunderwhichtherentpodbythetenantisacontractedpercentageofthe
2、outputyieldperperiodoftiⅡne,Asan】le,thelandownerprovideslandandthetenantprovideslabor;otherinputsmaybcprovidedbyeitherparty.Sharetenancyisthussharecontractimg,dennedhereastwoormoreindividualpartiescombiningpovatelyownedre-sourcesfortheproductionofcertainmutuaⅡyagreed
3、outputs,thcactualoutputstobesharedaccordingtocertaInmutual1yacceptedpercentagesasreturnstothccontraCtingpartiesfortheirproductiveresourcesforsaken,Thetheory,tobederivedI·romstandardeconoΠlicprinciples,maybcgeneraⅡzedtoal1FormsofIandtcnureundershnⅡarowncrshipofresourc
4、es.TheprevailingiⅡnpressionisthatsharetenancyresultsinincmcientaⅡocationofresources.1Itwnlbesho、vnhere,bothlClassicalcconomistsaside,contemporarythesesonsharetenancywhichimpIyine伍cientresourceallocationinc】ude:Rainerschickele,“EfectofTenuresystemsonAgr“ulturalEmoency
5、,”Jo″r,Bdor尸叼rmEco刀0Pm泌ε(Febmary,I94D;EarlHeady,‘‘EconomicsofFarmLeasingsystems,”Jo'″dorF夕″co,,o抑jcε(August,1947);EadHeadyandEarlKehrberg,“Re1ationshipof'″3IntroduC刂onIntroductionmentsthatmayrenderthemaximumrental。ercentagecontroltheorCtiCallyandcmpirically,thatthein
6、cmciencyargumentisiΠⅡnateriaI,Anotherhypothesis,relatingtoresourcereaⅡocation,becomessignincant。nlyifcompensatingpaymentsandtenurereaⅡangementsareefectivelyprohibitedbylaw.Bythelater鹦骅辗槲再槲hypothesis,thetheoryofsharetenancyimpⅡesincreasedfar∏L-ingintensityintenantfarm
7、siftherentalshareoftheannualyieldothcrwords,diferentcontractualarrangementsdonotimplyislegaⅡyreduccd.VariousimpⅡcationsforresourcereal1ocationdiferentemcienciesofresourceuseaslongasthescarrangeˉcaˉwⅡlbetestedagainstobservations。Inparticular,evidencewillmentsarethemse
8、lvesaspectsofprivatepropertyrights,ImpⅡbcpresentedtoconnrnlthatundererectiverentalsharereduc-tionsofalterna【vetheo0eswillbetestedag
