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2006-05-09
英文文献:Testing For Cooperative Behavior: An Empirical Study Of Land Tenure Contracts In Texas
英文文献作者:Dasgupta, Siddhartha,Love, H. Alan,Knight, Thomas O.,Devadoss, Stephen
英文文献摘要:
Share contracts under information asymmetry often involve input application and risk sharing inefficiency. These difficulties are nullified under full information which can be approximated in repeated contracts. We give evidence of cooperation in repeated contracts, indicating the existence of full information efficiency and efficient resource use, despite underlying information asymmetry.
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