第37章 佃农理论英语原著 31

Availabledataonthefrequenciesofescap,coveringfourprovincesinChinain1935,revealsthattheescapeclause(asincontractsamplesaandc)wasadoptedin83percentofthecrop(fixed)rentcontracts,63percentofthecash(fixed)rentcontract,andnotatallinsharecontracts.[10]Thehigh,themarketpriceofagriculturalyieldwillrise,andwithcashrentthetenantsinewillbepensatedbytheriseinpricemorethanwithcroprent;hence,theescapeclausewillbelesspreferabletothetenant.

Theexistenceoftheescapeclauseinthemarketimplies,otherthingsbeingequal,,beforetheagrarianreforms,,however,,inpart,,thefermiersoftheFrenchmetayage,theescapeclauseassociatedwithfixedrentsinChina,andtheminimumguaranteesassociatedwithsharerentselsewherearemarketpracticesthatservea,tionIdonotseektoanswer.

TurningtosamplecontractsofsharerentsinChina,wefindthattheirstipulationsaremoreplexthanthoseoffixedrents,owingtotheaddedstipulationsontenantinputsandcropstobegrown.

Sampled-sharecontractwithuniformsharingpercentagesforallcrops(ShantungProvince):

TenantAagreestocultivate[somanymows][somanyhead]ofwaterbuffalo,[somanybodies]ofmen;andeveryyearthetenantmustcultivatewheatonce,Indiancornthreetimes,[incertainproportions].Theyieldsofallcropsaretobeshared[incertainproportions].Theleasemayterminateonlyaftertheautumnharvest.[11]

Samplee-sharecontractwithvaryingsharingpercentages(HonanProvince):

[Stipulationsoflandsizeandnonlandinputs]……Weherebystipulatethatthewheatyieldwillbesplit20-80;millet,yellowbeans,sesame,greenbean-allwillbesplit30-70;cottonandsweetpotatoessplit50-50……;milletstraws,andbeanandsesamestalkssplit30-70.[12]

Samplef-sharecontractwithsomeproductsunshared(HonanProvince):

TenantA……voluntarilyagreestofurnish[somany]men,[somanyhead]ofwaterbuffaloanddonkeys……andallplowingequipment……Weclearlystipulatethatseedsofmajorcropsaretobeprovidedbythelandowner,,indryandcleanform……Butthestrawsgotothe[tenants]waterbuffaloentirely;thedroppingsgotothe[landowners]soil;……[bythelandowner],[13]

Forsharecontracts,,theexplicitstipulationsoftenantinputsandcropplantationsareimpliedbythetheoryofsharetenancy(seechapter2).[14]Evidenceindicates,however,thatonlytheactualyieldsareinspected,forbyparisonwithadjacentfarmsorpastexperiencethelandownerwillbeabletodecidewhetherthecontractedtermshavebeenfulfilled:

Theabsenteelandlordssendtheiragents,orgothemselves,tothefieldsandestimateth……[Thetenant]monlycheatsbyskilfullyhidingsomeofthethreshedgrain,ftenhastobribehiminordertokeepthelandforcultivationanotheryear.[15]

Exaggeratedasthisquotationmightbe,anintramarginaltenantwithspecificfarmingknowledge(hence,withhigheryieldsthanmarginaltenants)can”hide”asmuchastherentimputedtohisspecialskillandstillretainhistenancy;anagentcancollectenforcementcostin”bribes”,thisjustifiesmyclaimthattransactioncostishigherforasharecontractthanforfixedrent.

Asecondcharacteristicofsharecontractsisthatthepreciseandattimesplexdelineationofresourcerightsbetweenthecontractingpartiessuggeststhatthesharingofinvestmentinputscan,inchapter2:Thelandownermayeitherrequirethetenanttoinvestmoreinlandandchargealowerrentalpercentage,orthealannuity.

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