Implications of Agency Theory for Optimal Land Tenure Contracts
نویسندگان
چکیده
منابع مشابه
Optimal Agency Contracts for Delegated R&D
A principal delegates R&D to an agent when the researcher’s actions are unobservable. The optimal contract for delegated R&D is shown to take the form of an option. The principal and the agent are risk neutral and the agent is subject to limited liability. The principal makes an implementation decision after observing the quality of the invention. The discussion considers experimental design wi...
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متن کاملLand Tenure
Farming in sub-Saharan Africa outside South Africa typically takes place on small plots cultivated by individuals. The land tenure system is often described as 'communal', meaning that land is owned by a kin-based or political group and that individuals obtain the right to cultivate through their membership in that group. If a generalization is possible about the process through which people ob...
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ژورنال
عنوان ژورنال: Economic Development and Cultural Change
سال: 2004
ISSN: 0013-0079,1539-2988
DOI: 10.1086/420685