Endogenous matching and the empirical determinants of contract form

被引:240
作者
Ackerberg, DA [1 ]
Botticini, M
机构
[1] Univ Calif Los Angeles, Los Angeles, CA 90024 USA
[2] Natl Bur Econ Res, Cambridge, MA 02138 USA
[3] Boston Univ, Boston, MA 02215 USA
[4] Univ Brescia, I-25121 Brescia, Italy
关键词
D O I
10.1086/339712
中图分类号
F [经济];
学科分类号
02 ;
摘要
Empirical work on contracts typically regresses contract choice on observed principal and agent characteristics. If (i) some of these characteristics are unobserved or partially observed and (ii) there are incentives whereby particular types of agents end up contracting with particular types of principals, estimated coefficients on the observed characteristics may be misleading. We address this endogenous matching problem using a data set on agricultural contracts between landlords and tenants in early Renaissance Tuscany. Controlling for endogenous.
引用
收藏
页码:564 / 591
页数:28
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