Altruism, moral hazard, and sharecropping
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 from the perspective of behavioural economics. The analyses show that the landlord and the tenant...
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| Format: | Article |
| Language: | English |
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Czech Academy of Agricultural Sciences
2016-12-01
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| Series: | Agricultural Economics (AGRICECON) |
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| Online Access: | https://agricecon.agriculturejournals.cz/artkey/age-201612-0007_altruism-moral-hazard-and-sharecropping.php |