Thisprovision,intendedtorestrictpartialrepossessionoflandbythelandowner,,,when,inApril1949,,,itisevidentthatthetheoryofsharetenancyimpliesincreasedfarmingintensityasaresultofthesharerestriction''singintoeffectin1952,thehypothesistestinginthefollowingchapterswillbeconfinedmainlytofouryears.Theyear1948willbeusedasthebaseyearbeforethelegalshareconstraint,,thatpensatingpaymentsandrighttransfersdidnottakeplacetoanysignificantextenttorestoretheinitialresourceuseunderfarmtenancy,andthatwearecertainthatadjustmentsoffarmingintensitywerenotrestricted.[1].Withoutpensatingpaymentsorotherdevicessuchaslicensingtherighttoleaseland,theequilibriumofthisfixedrentcontrolwouldbeunclear;andthepossibleouteswouldbeseveralandsovariedthatwecouldbecertainofnone.[2].SeeSidneyKlein,ThePatternofLandTenureReforminEastAsiaafterWorldWarII(NewYork:BookmanAssociates,1958),p.77.[3].SeeChengChen,AnApproachtoChina'sLandReform(Taipei:ChengChungBookCompany,1951),pp.24-25.[4].SeeSino-AmericanJointCommissiononRuralReconstruction,"JCRRAnnualReportsonLandReformintheRepublicofChina,"mimeographed(Taipei:Farmers'ServiceDivision,1965),,GeneralReport,vols.1and2(Taipei:1950and1952).[5].Seechapter5ofthisstudy.[6].Art.2,inHui-sunTang,LandReforminFreeChina(Taipei:JCRR,1954),'stranslation,oneerrorofsubstancehasbeenfoundandcorrectedbythepresentauthor,thatis,"maincrop"shouldread"maincrops."InChinese,whentheexactnumberisnotspecified,pluralisimplied,,thelawmakermeanttosayone"main"cropperacreoflandperperiodoftime.[7].SeeJCRR,"AnnualReports,"p.20-26.[8].Chen,AnApproachtoChina'sLandReform,"reporting"theactualyieldwasfrequentlyomittedifsharedisputesdidnotarise.[9].Seechapter5ofthisstudy.[10].Perhapsthetranslationfromthecrops"chieflywanted"to"main"issomewhatmisleading.[11].ChengChen,RecordsofTaiwanLandReform(Taipei:ChungHwaBookCompany,1961),p.181.[12].SeeChen,AnApproachtoChina'sLandReform,p.29.[13].SeeChengChen,LandReforminTaiwan(Taipei:ChinaPublishingCo.,1961),p.309.[14].Art.2,inTang,LandReforminFreeChina,:anindividual'srighttousearesourceexclusivelyandhisrighttoderiveunattenuatedine(orrentalannuity),givenanexclusiverighttousearesource(thatis,thepropertyrightheldbyanindividualisindependentofotherpeople'saction),therighttoderiveinetherefromisalsoexclusive."Ine",,availableeconomictheoryyieldsanequilibrium(andhenceasetofpredictablebehaviorwithrespecttoresourceuse),ineattenuationonapercentagebasisusuallyyieldsaspecifiablesetofconstraintswhichpermitsatheoreticalsolution,,withthediminishingportionofineunappropriatedandunassignedtosomespecificindividual(s),willproducethesameeffectsasattenuatingtheexclusiverighttousetheresource.[1],alandownerisentitledtoreceiveaportion,r,,

,andwithoutinputadjustment,thelandowner'sinefromhisresourceownershipisreducedby(r—

)/:towhomisassignedtherighttocollectthisportionofrent,thatis,(r—

)/rpercentoftherentunderafreemarket?InasmuchaswecaninterprettheexistingprovisionsandenforcementoflawinTaiwan,,,underthesharerestriction,the(r—