dc.contributor | Escolas::EPGE | |
dc.contributor | FGV | |
dc.creator | Braido, Luís Henrique Bertolino | |
dc.date.accessioned | 2014-12-23T12:25:12Z | |
dc.date.accessioned | 2022-11-03T20:08:27Z | |
dc.date.available | 2014-12-23T12:25:12Z | |
dc.date.available | 2022-11-03T20:08:27Z | |
dc.date.created | 2014-12-23T12:25:12Z | |
dc.date.issued | 2002-09-26 | |
dc.identifier | http://hdl.handle.net/10438/12974 | |
dc.identifier.uri | https://repositorioslatinoamericanos.uchile.cl/handle/2250/5032256 | |
dc.description.abstract | Theoretical models on moral hazard provide competing predictions on the incentive-risk relationship. These predictions are derived under the assumptions of homogeneous agents and exogenous risk. However, the existing empirical evidence does not account for risk-aversion heterogeneity and risk endogeneity. This paper uses a well-built database on tenancy contracts to address these issues. Detailed information on cropping activities is used to measure the exogenous risk. Risk-aversion heterogeneity and other self-selection problems are addressed through a portfolio schedule and a subsample of farmers who simultaneously own and sharecrop different farms. This controlled exercise finds a direct relation between incentives and exogenous risk. | |
dc.language | eng | |
dc.publisher | Fundação Getulio Vargas. Escola de Pós-graduação em Economia | |
dc.relation | Seminários de Almoço da EPGE | |
dc.rights | Todo cuidado foi dispensado para respeitar os direitos autorais deste trabalho. Entretanto, caso esta obra aqui depositada seja protegida por direitos autorais externos a esta instituição, contamos com a compreensão do autor e solicitamos que o mesmo faça contato através do Fale Conosco para que possamos tomar as providências cabíveis | |
dc.subject | Tenancy | |
dc.subject | Risk | |
dc.subject | Principal | |
dc.subject | Data | |
dc.subject | Incentives | |
dc.subject | Delegation | |
dc.subject | Agent | |
dc.title | Evidence on the relationship between incentives and exogenous risk | |
dc.type | Working Paper | |