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Altruism,moral hazard,and sharecropping
altruism behavioural economics fixed rent contract moral hazard sharecropping
2017/2/21
The paper provides a new explanation for the emergence of sharecropping in agriculture. Under the principal-agent moral hazard framework, the choice of the agrarian land lease contracts is discussed f...
An organizational economics approach to the existence of sharecropping
share contract fixed rent contract bargaining power
2014/2/24
The paper provides a new explanation for the existence of sharecropping in agriculture from the perspective of organizational economics. Similar to a multinational enterprise’s decision of whether to ...