Continuous Degrees of Residual Claimancy: Some Contractual Evidence

Darlene Chisholm

Applied Economics Letters, 1996, vol. 3, issue 11, 739-741

Abstract: A data set on share contracts between motion-pictures actors and producers in the United States is used to identify determinants of share size in revenue- and profit-sharing contracts. The evidence suggests that share size balances moral hazard and risk-sharing tradeoffs.

Date: 1996
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DOI: 10.1080/135048596355790

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