Land Tenure, Investment Incentives, and the Choice of Techniques
Land Tenure, Investment Incentives, and the Choice of Techniques: Evidence from Nicaragua Oriana Bandiera The choice of cultivation techniques is a key determinant of agricultural productivity and has important consequences for income growth and poverty reduction in developing countries. Further evidence indicates that the result follows from landlords' inability or unwillingness to commit to long-term tenancy contracts rather than from agency costs due to risk aversion or limited liability.