This paper is an exercise in the design of contracts within aworld of two persons, namely a landlord and a tenant, restricted tosharecropping. The landlord sets the shares according to the profit-maximizing "golden rule" ([4]), which depends on certain characteris-tics of the tenant. The tenant declares these characteristics, and isthus allowed to pretend to be someone else,...

The resurgence of bed bugs in major urban centres in North America has resulted in conflict between landlords and tenants. This is commonly focused on attribution of blame for source of infestation, on responsibility, on costs for preparation, treatment and losses, and for compensation as rent abatement and/or alternative temporary housing. In Ontario, Canada, these issues are often decided by ...

This paper proposes a theory of sharecropping on the basis of price behavior in agriculture and imperfectly competitive nature of rural product markets. First we show the superiority of sharecropping over fixed rental contracts in a benchmark landlord–tenant model with seasonal variation of price, where the tenant receives a low price for his output while the landlord can sell his output at a h...

The household's decision to invest in a home is complicated by the fact that owner-occupied housing plays a dual role as both a physical good generating housing services, and as a component of the wealth portfolio. For many homeowners, housing represents both the largest single element of the monthly expenditure, and the most important asset in the wealth portfolio. Given the availability of re...

The literature on interlinkage is inconclusive regarding the strict superiority of this arrangement. We analyze a landlord and a moneylender as two players making non-cooperative decisions regarding the terms of their respective contracts with a tenant. In the sequential game where the landlord moves first and the tenant has limited liability, we demonstrate that there exist circumstances in wh...

Only retail tenants pay their landlord a percentage of revenue in addition to the traditional fixed rent. The latter has often been shown to vary widely across stores-inverse to the sales externalities generated by the store. This paper demonstrates that revenue percentages vary widely as well, and positively with fixed rent (sales externalities). It is then argued that existing theoretical exp...