1,160 words) Section I challenges Nobel laureate Schultz’s assertions: (1) small farmers are rational; (2) low income countries saddled with traditional agriculture have not the problem of many farmers leaving agriculture for nonfarm jobs; (3) part-time farming can be efficient; (4) economies of scale do not exist in agriculture; and (5) investment in human capital counts much more than institu...

This work proposes LEASE, a novel Mobile-P2P lease-based economic incentive model, in which data requestors need to pay the price (in virtual currency) of their requested data items to data-providers. In LEASE, data-providing mobile peers lease data items to other mobile peers in lieu of a lease payment. The main contributions of LEASE are three-fold. First, its lease model entices even those u...

This article examines the markets for land and labour in traditional Japan, where peasant families accounted for 80 per cent of the population; it focuses on the extent of these markets and how they operated. The survey of evidence, both literary and statistical, indicates that, while the size of the factor markets was small and limited, lease arrangements for farmland and the markets for seaso...

This article examines the markets for land and labour in traditional Japan, where peasant families accounted for 80 per cent of the population; it focuses on the extent of these markets and how they operated. The survey of evidence, both literary and statistical, indicates that, while the size of the factor markets was small and limited, lease arrangements for farmland and the markets for seaso...

This paper present lease agreement regulations in selected European countries. The lease agreement has a long history and now is one of the main ways to manage agricultural lands in Europe. The analysis of individual regulations, which has been done, indicates that this agreement is very important to build social relations in agriculture and society. This article provides an analysis of the leg...

Events of the 1990s seem to have given the small farm a new lease on life. Organic agriculture offers a means of producing considerable profitability on very small areas even if many small farmers are of necessity only part-time farmers. Opportunities off the farm, however, have enabled owners of small parcels to farm them profitably, or at least sustainably. Urban agriculture is now a respecte...

A Flexible Test for Present Bias and Time Preferences Using Land-Lease Contracts When agents have present bias, they discount more between now and the next period than between period t (> 1) and t + 1. How fast the future discount rate (evaluated today) decays is an empirical question. We show that the discount function can be non-parametrically identified with contracts that specify payments t...