Revisiting the Eswaran-Kotwal Model of Tenancy Maitreesh Ghatak and Dilip Mookherjee Abstract Persistence of sharecropping tenancy and increases in farm productivity following regulations protecting tenant rights have been observed in many developing countries. This paper examines if these can be explained by alternative models of sharecropping with two sided efforts/investments, namely, complete contract models […]
BREAD Working Paper No. 542, July 2018
Bribes vs. Taxes: Market Structure and Incentives Francesco Amodio, Jieun Choi, Giacomo De Giorgi, Aminur Rahman Abstract Firms in developing countries often avoid paying taxes by making informal payments to tax officials. These bribes may raise the cost of operating a business, and the price charged to consumers. To decrease these costs, we designed a […]