,-operatedfarmsunderthesharerestriction,,wefind(a)theland-farmerratiodeclinedfortenantfarmsandincreasedforownerfarms,totheextentthattheformerwassignificantlylowerthanthelatter;(b)tenantswerereportedtohaveworkedlongerhoursandmoredaysinayear,(c)fertilizersusedwereofhigherquality;and(d):(a)thereallocationofresourcesasdescribedinparagraph1above;(b)theriseincropareaandcrophectareyieldofintramarginalcropsintenantfarms;(c)thesignificantriseincropareaformarginalcropsaddedintenantfarmsatarateproportionatelygreaterthanthedecreaseincrophectareyield,thusleadingtoariseoftotalyieldperacreofcultivated(physical)landintenantfarms;and(d):(a)thereallocationofresourcesasdescribedinparagraph1above;(b)thegeneraldecreaseincrophectareyieldsformarginalcropsaddedintenantfarms;and(c)theoutputresponsesofhorticulture.4.Forparagraphs2and3above,,asisdemonstratedamongvegetablecrops,werethosethatrequire(a)ashortergrowingtime,or(b),economictheory,,thoughplex,,,foramongtenurearrangements,,therefore,,,buttheyrefutedthetradi-

,"economicefficiency",,,,ahighrentistakenas"exploitation"thatdampensthetenant'sincentive,andshort-termleasesareregardedas"insecure",,tointerveneinthetermsofthecontract,-equivalentanalysisareerroneous,,,assumingzerotransactioncosts,,,,—thatcontractualchoicesaremadetoattainthepreferreddistributionofrisksubjecttotheconstraintoftransactioncosts—,itwasarguedthatleasedurationsarechosentominimizetransactioncosts.