Sharecropping theory generally does not take into account land fertility. We develop a repeated Principal-Agent model under moral hazard where the Principal delegates the use and maintenance of a productive asset. In a multitask framework, we characterize the optimal spot contract focusing on...

Focus of this work is on the contract known as actions-incentive. We suppose it applies to a group of producing farmers of a positive externality. This externality is perceived as a public asset which the society wishes to remunerate. When then analyse the pros and cons and the conditions...

The objective of this paper is to develop an analytical framework for estimation of the parameters of a structural model of an incentive contract under moral hazard, taking into account agents heterogeneity in preferences. We show that allowing the principal to strategically distribute the...