Sharecropping principle-agent model with agent's flexible effort decision
DOI:
Author:
Affiliation:

Clc Number:

Fund Project:

  • Article
  • |
  • Figures
  • |
  • Metrics
  • |
  • Reference
  • |
  • Related
  • |
  • Cited by
  • |
  • Materials
  • |
  • Comments
    Abstract:

    Focusing on the ignorance of the flexibility of the agent's effort in decision, this paper biulds a model of agent's flexible effort decision model and a model of principle's design of sharecropping contract in the case of complete period-0 information, manages to prove the existence of the optimal sharecropping fraction, and compares the conclusions with those derived from the classical principle-agent models. The results show that the flexibility of an agent's effort in decision raises the threshold value...

    Reference
    Related
    Cited by
Get Citation
Share
Article Metrics
  • Abstract:
  • PDF:
  • HTML:
  • Cited by:
History
  • Received:
  • Revised:
  • Adopted:
  • Online:
  • Published:
You are the th visitor Address:Room 908, Building A, 25th Teaching Building, Tianjin University, 92 Weijin Road, Nankai District, Tianjin Postcode:300072
Telephone:022-27403197 Email:jmsc@tju.edu.cn