payoffs than individuals. We elicit individual and group preferences towards risk using simple lotteries. The results indicate …

Under the assumption that the landlord is risk-neutral and the tenant is risk-averse, sharecropping is second-best in … that it trades off risk sharing and incentives. Many, however, have reported instances of reverse share tenancy, or … tenant can be assumed risk-averse; or (ii) there exist significant transactions costs making sharecropping more desirable …

The following is a model of psychological contracting with unmonitorable performance, implicit offers, and screening …

determination are explored and compared, including contracting, posted prices, bilateral bargaining, middlemen, and auctions. While …

This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them … macroeconomic and financial data. I examine 16 sentiment surveys of distinct respondent universes and employ the technique of … principal components analysis to extract the common signals from the surveys. I show that the ability of different population …

This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them … macroeconomic and financial data. I examine 16 sentiment surveys of distinct respondent universes and employ the technique of … principal components analysis to extract the common signals from the surveys. I show that the ability of different population …

Michigan Surveys of Consumers. While these measures have been useful in developing models of forecasting inflation, the data …