Proceedings of the 3rd International Conference on Management Science and Software Engineering (ICMSSE 2023)

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The Optimal Contract for Land Trusteeship

Authors
Cuiling Li1, *, Qiuling Hou2
1School of Business, Shandong Normal University, Jinan, 250014, China
2School of Management Science, Qufu Normal University, Rizhao, 276825, China
*Corresponding author. Email: lcl2002123@126.com
Corresponding Author
Cuiling Li
Available Online 9 October 2023.
DOI
10.2991/978-94-6463-262-0_13How to use a DOI?
Keywords
Land trusteeship; Contract; principal-agent
Abstract

Land trusteeship, as a new management mode to realize large-scale and intensive land management, has been paid more and more attention by the government and scholars. This paper develops a model to study the optimal contract of land trusteeship via principal-agent theory which is based on Tirole's (2006) entrepreneur model, and the model is numerically simulated. Theory and numerical simulation suggests that the optimal share ratio of agricultural service enterprises is positively correlated with the probability of successful land trusteeship during the due diligence work of agricultural service enterprises and the possible high net income per acre of land. The expected income of 1 acre of land , the probability of successful land trusteeship in due diligence of agricultural service enterprises and the effort degree of agricultural service enterprises in successful trusteeship have positive effect on the existence of the optimal contract; The land trusteeship fee, the expected necessary income of farmers, the private income of agricultural service enterprises, and the share ratio of agricultural service enterprises have negative effects on the existence of the optimal contract.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd International Conference on Management Science and Software Engineering (ICMSSE 2023)
Series
Atlantis Highlights in Engineering
Publication Date
9 October 2023
ISBN
10.2991/978-94-6463-262-0_13
ISSN
2589-4943
DOI
10.2991/978-94-6463-262-0_13How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Cuiling Li
AU  - Qiuling Hou
PY  - 2023
DA  - 2023/10/09
TI  - The Optimal Contract for Land Trusteeship
BT  - Proceedings of the 3rd International Conference on Management Science and Software Engineering (ICMSSE 2023)
PB  - Atlantis Press
SP  - 105
EP  - 113
SN  - 2589-4943
UR  - https://doi.org/10.2991/978-94-6463-262-0_13
DO  - 10.2991/978-94-6463-262-0_13
ID  - Li2023
ER  -