Ahn, Seung C.; Brada, Josef C.; Méndez, José A. - In: Journal of Development Studies 48 (2012) 11, pp. 1601-1616
The inefficiency of cooperative agriculture relative to private farms is often attributed to difficulties in monitoring or poor incentives. We develop a model to show that, in technologies with numerous sequential steps, even small shortfalls in worker effort can result in large output declines....