Incomplete Contracts and Investment : A Study of Land Tenancy in Pakistan
When contracts are incomplete, relationship-specific investments may be underprovided due to the threat of opportunistic expropriation or holdup. The authors find evidence of such underinvestment on tenanted land in rural Pakistan. Using data from households cultivating multiple plots under differen...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2006/02/6541576/incomplete-contracts-investment-study-land-tenancy-pakistan http://hdl.handle.net/10986/8825 |