Land Tenancy and Non-contractible Investment in Rural Pakistan
Commitment failure lies at the core of incomplete contract theory, yet its quantitative significance has rarely been assessed. Using detailed plot-level data from rural Pakistan, we find that non-contractible investment is underprovided on tenanted land, even after controlling for the endogeneity of...
| Main Authors: | , |
|---|---|
| Format: | Journal Article |
| Language: | EN |
| Published: |
2012
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/5875 |