Tenurial obstacles to innovation |
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Authors: | D M G Newbery |
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Institution: | 1. Lecturer in Economics , Cambridge University;2. Fellow of Churchill College |
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Abstract: | Why do tenants fail to introduce new more profitable agricultural practices? After discussing various explanations of resistance to innovation the paper argues that as an economic explanation Bhaduri's theory 1973] is implausible. An alternative economic theory is developed. If the innovation increases the tenant's range of choice over inputs then it may prove impossible for the landlord to devise a mutually acceptable and enforceable contract which appropriates the benefits of the innovation, so that he will resist its introduction. |
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