-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 …

Joskow (1987) examined the importance of specific investments to the contract duration of coal contracts. Since … examines how the level of specific investments affect the design of coal contract structure, namely the simultaneous choices of … contract duration and pricing provision. The empirical results show that, from both the separate and joint estimations, the …