The Medieval Village Economy

A Study of the Pareto Mapping in General Equilibrium Models

Bibliographic Data

ID3296723
AuthorsJohn Langdon (0000-0003-2584-9046), Robert M Townsend (0000-0002-7992-6775)
Year1994
Volume47
Issue4
Pages816
Publication date1994-11-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueThe Economic History Review (JOURNAL)
Journal identifiersISSN: 0013-0117 • E-ISSN: 1468-0289
PublisherJSTOR (PUBLISHER)
DOI10.2307/2597720
OpenAlexW1979415275
LanguageEN
Citations received8

List of FiguresList of TablesPrefaceAcknowledgmentsCh. 1Introduction11.1Motivation and Outline1.2Historical BackgroundCh. 2Uncertainty and Landholding Patterns202.1Statistics on Crop Yields2.2Risk-Allocation in an Arrow-Debreu Model with Cross-Household Diversity2.3Division of Land Types as an Ex Ante Solution to the Risk-Allocation Problem2.4Spatial Division as an Ex Ante Solution with Costs of Fragmentation2.5Multiple Crops and the Diet2.6Risk Allocation with Multiple Goods and Preferences Aggregation over Diverse Households2.7Multiple Goods and the Land-Crop Allocation ProblemCh. 3Storage as Risk Reduction613.1Some Striking observations on Carryover3.2The Neoclassical Growth-Stabilization Model with Dual Storage Possibilities3.3The Representativeness of Carryover Observations in Models with Internal Diversity3.4The Adequacy of Storage as a Self-Insurance Device3.5Carryover with Starvation: An Alternative Theory with Nonconvex, Nonseparable PreferencesCh. 4Labor Arrangements744.1Some Observations on Disparate Landholdings and Labor Arrangements4.2Consumption-Labor Allocations with Crop Production and Utility from Leisure4.3Implications of Consumption-Labor Theory for Observed and Unobserved ArrangementsCh. 5Rentals width Unobserved Outputs865.1Monastic Payments5.2Risk Sharing with Private Information on Crop Output5.3Optimal Multiperiod Tie-Ins5.4Costly State VerificationCh. 6Sharecropping with Unobserved Inputs976.1Share Rents among and within Villas6.2The Moral Hazard Problem and the Nature of Optimial Sharing Rules6.3The Gain from Randomization6.4Efficient Intertemporal Tie-Ins6.5Optimal Cross-Household Tie-Ins6.6Economywide Reporting SystemsCh. 7An Incentive Theory of Landholdings1207.1The Importance of Idiosyncratic Shocks7.2A Numerical Example of Information-Constrained Landholdings7.3Incentive Schemes with Costly Monitoring of Labor Effort7.4Landholdings with Indivisible and Privately Held OxenCh. 8Conclusion133References137Index141

Economics · Economy · General equilibrium theory · Mathematical economics · Mathematical optimization · Microeconomics · Multi-objective optimization · Operations management · Pareto optimal · Pareto principle · Economic theories and models · Mathematics

Tools

Open DOISci-Hub