Laffont, Jean-Jacques; Martimort, David - 2009
sharecropping contracts, only in recent decades has a theory begun to emerge to place the topic at the heart of economic thinking … incentives theory to date. Central to this theory is a simple question as pivotal to modern-day management as it is to economics … through a contract--the essence of management and contract theory. How does the owner or manager of a firm align the …