We use recent developments in the multi-task principal-agent methodology to study a sharecropping contract that was pervasive in central Italy. We distinguish between subsistence crops and cash crops. We analyse the spillover effect from one crop to the other, and we show that this reduces the...

This paper considers intra--family financing of human capital under the assumptions that individuals are selfish and binding contracts are not feasible. Cooperation among family members is possible through a family norm (a family "social capital") which prescribes the obligations to be met at...