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-sharing incentives, or both. An empirical model of contract choice is tested against the 1999 Agricultural Economics and Land Ownership …-tenant choices of a share versus cash-rent contract. However, the behavior of landlords and tenants is consistent with them being …
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In this paper we adapt the model of MacLeod (2007) to provide one way to formally implement some of Williamson's ideas regarding the effect of transactions costs upon employment relationship. We then explore the empirical implications of this model with a data set that measures job...
Persistent link: https://www.econbiz.de/10009727627
In this paper we adapt the model of MacLeod (2007) to provide one way to formally implement some of Williamson's ideas regarding the effect of transactions costs upon employment relationship. We then explore the empirical implications of this model with a data set that measures job...
Persistent link: https://www.econbiz.de/10013083747
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