This paper provides one more rationale for interlinking credit and tenancy contracts in the context of production loans. In an environment characterized by a heterogeneous labor pool and imperfect information, landlords will have an incentive to avail themselves of screening devices. By linking tenancy and credit contracts a screening device can be implemented. The equilibrium set of contracts is characterized by a variety of interest rates, some...
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INFORMATION
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1984/01/01
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Article de revue
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REP326
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1
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1
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2010/07/12
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Disclosed
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Capital requirements, screening and interlinked share cropping and credit contracts
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market rate of interest
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