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Share tenancy as strategic delegation

机译：共享租赁作为战略授权

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The paper develops a new explanation of sharecropping based on the idea of an incentive equilibrium. It considers a set-up in which a few landlords in a village confront the choice of cultivating their farms by adopting different tenurial arrangements, ranging from owner operation, through the fixed-rental system to sharecropping. These landlords are the only sources of employment in the village, and compete in the wages they pay to their workers. In such an environment sharecropping is explained as a form of strategic delegation where a landlord gets extra benefit by having a share tenant and giving him suitable incentives.
机译：本文基于激励均衡的思想，对股份制进行了新的解释。它考虑了一种设置，其中村庄中的一些房东通过采取不同的权属安排（从所有者经营到固定租赁系统再到股份制种植）来面对耕种农场的选择。这些房东是该村唯一的就业来源，并与他们支付给工人的工资竞争。在这样的环境中，农作物被解释为一种战略授权形式，房东通过拥有租户并给予适当的激励而获得额外的利益。

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