Limited liability, contractual choice, and the tenancy ladder

被引：15

作者：

Ray, T

Singh, N ^{[1
]}

机构：

[1] Univ Calif Santa Cruz, Dept Econ, Santa Cruz, CA 95064 USA

[2] Hong Kong Univ Sci & Technol, Hongkong, Peoples R China

来源：

JOURNAL OF DEVELOPMENT ECONOMICS | 2001年 / 66卷 / 01期

关键词：

limited liability; sharecropping; tenancy ladder; moral hazard;

D O I：

10.1016/S0304-3878(01)00163-8

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We re-examine the connection between limited liability, contractual form and the agricultural tenancy ladder in a model with only labor moral hazard. We show that ex post limited liability does not explain sharecropping in this model, but that ex ante limited liability can do so. We characterize the nature of the tenancy ladder in either case. (C) 2001 Elsevier Science B.V. All rights reserved.

引用

页码：289 / 303

页数：15

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