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Testing for cooperative behavior: An empirical study of land tenure contracts in Texas

Collection:
Agricultural Communications Documentation Center (ACDC)
Contributor:
Dasgupta, S. (main author), Knight, T.O. (author), Devadoss, S. (author), Love, H.A. (author)
Format:
Conference paper
Publication Date:
1998-09
Published:
USA
Location:
Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: 107
Subject Term:
cooperation, information behavior, information control, information utilization, land management
Notes:
search from AgEcon., American Agricultural Economics Association Annual Meeting, August 2-5, 1998, Salt Lake City, Utah. 13 pages; Adobe Acrobat PDF 83K bytes., Share contracts under information asymmetry often involve input application and risk sharing inefficiency. These difficulties are nullified under full information which can be approximated in repeated contracts. We give evidence of cooperation in repeated contracts, indicating the existence of full information efficiency and efficient resource use, despite underlying information asymmetry.