On Choice Among Creditors and Bonded Labour Contracts
In this chapter, the author looks into the conditions under which borrowing under a voluntary ‘bonded labour’ contract (whereby one may repay loans by providing labour services at less than one's opportunity cost) will be chosen by a sharecropper, if another source of credit besides the landlord is available.
Keywords: bonded labour, credit ceiling, default, incentive compatibility, loans, opportunity cost, sharecropping
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .