Transformation of the family farm under rising land pressure: A theoretical essay

Display Omitted * The choice of family farm structure is the outcome of a trade-off between an incentive problem and rent capture by the head. * Individualization can take two forms: granting of individual plots, and split (partial or complete) of the stem household. * The pure collective form prevails when land is abundant and outside opportunities are few. * When land becomes scarce enough (opportunities attractive enough), head has an incentive to individualize farm structure. * Partial splitting precedes granting of individual plots. If we understand well the individualization of land tenu... Mehr ...