摘要：The economics of U.S. agricultural land tenure is often characterized by asymmetric informationbetween the landlord and tenant. It is not uncommon to have absentee landlords who can observeonly levels of cost-shared inputs and output to get an indication of the tenant's actions. In arecent survey, we discovered that among cotton producers in the southern high plains of Texas in1995, there were 298 absentee landlords out of 351 observations and out of 308 observations theaverage distance of the landlord's residence from the farm was 134.71 miles (Dasgupta, Knight,Love and Smith).
