By focusing on direct monetary incentives, the traditional literature on motivating workers predicts that high-effort outcomes are unlikely unless workers become residual claimants of profit. However, real world employment contracts typically display a low incidence of profit sharing. In this...

The influence on technical efficiency of access to credit and public support policies is studied for two groups of specialized small farmers in Chile. Using 2004 data, translog stochastic frontier production functions for 109 livestock and 342 crop producers are estimated. Mean technical...