Limited liability, moral hazard and share tenancy

被引：15
|
作者：
Sengupta, K
机构：
[1] Department of Economics, Jawaharlal Nehru Unirersity, New Delhi
来源：
JOURNAL OF DEVELOPMENT ECONOMICS | 1997年 / 52卷 / 02期
关键词：
share contracts; limited liability;
D O I：
10.1016/S0304-3878(96)00444-0
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper contributes to the literature on share tenancy by reexamining a framework developed in Basu (1992). It is shown that Limited liability and moral hazard in effort provides a richer theory of share contracts when the tenant also has discretion in the choice of projects. (C) 1997 Published by Elsevier Science B.V.
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页码：393 / 407
页数：15
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