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On the existence of sharecropping
(Centro de Investigación y Docencia Económicas, División de Economía, 2011)
When tenancy contracts are subject to ex-post limited liability, it is optimal for the landlord to offer the tenant the entire crop share since full incentive leads to higher production even in the bad state of the nature, ...
A note on bargaining over complementary pieces of information in networks
(Centro de Investigación y Docencia Económicas, División de Economía, 2011)
We consider two specific network structures, the star and the line, and
study the set of bilateral alternating-offers bargaining procedures for the
pairs of connected agents. Agents have complementary information ...