Bardhan, Pranab; Bowles, Samuel; Gintis, Herbert - In: Handbook of income distribution : volume 1, (pp. 541-603). 2000
Where such behaviors as risk-taking and hard work are not subject to complete contracts, some distributions of assets (for instance the widespread use of tenancy) may preclude efficient contractual arrangements. In particular, the distribution of wealth may affect: (a) residual claimancy over...
