Sharecropping in Perfectly Competitive Markets: A Contradiction in Terms.

Abstract

The plan of this lecture is as follows. In section 2,the sharecropping model is outlines. In sections 3 and 4, the Marshallian and Cheungian positions are described. A reconciliation of the opposing viewpoints is given in Sections 5. Empirical evidence is provided in Section 6. In section 7, some unconventional approaches to solve the sharecropping problem are cited. The last Section has the concluding remarks.