Fernandez-Olmos, Marta; Rosell-Martinez, Jorge; … - European Association of Agricultural Economists - EAAE - 2008
This paper develops a double-sided moral hazard model of share contract in agriculture, with imperfect quality … measurement by the agent and the principal, who contribute to the final good quality in terms of production effort and marketing … effort respectively. Using this model, we analyse the implications of the share contract for quantity and quality, often …