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, but there is limited understanding about the determinants of contract duration in developed countries. In this research … legal status, price and non-price conditions in influencing the contract duration. Results indicate that the legal status of …
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This article examines contractual labor arrangements in agrarian economies that persist as a consequence of market power on the part of landlords faced with output uncertainty. We show that a segmented labor market characterized by tied-labor contracts and involuntary unemployment in the season...
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The author develops a theory of the choice of contractual arrangements in agriculture by analyzing the incentives, risk … able to explain many tenancy-related issues, such as why sharecropping can be the optimal contract even in the presence of …
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