Ghatak, Maitreesh; Karaivanov, Alexander - In: Journal of Development Economics 110 (2014) C, pp. 239-249
We analyze optimal contractual forms and equilibrium matching in a double-sided moral hazard model of sharecropping similar to Eswaran and Kotwal (1985). We show that, with endogenous matching, the presence of moral hazard can reverse the matching pattern relative to the first best, and that...