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	Provedor de dados AgEcon (3) Autor Brorsen, B. Wade (3) Diaz, Edgar F. Pebe (3) Richter, Francisca G.-C. (3) Currier, Kevin (2) Anderson, Kim B. (1) Kenkel, Philip L. (1) Mais... Palavra-chave Grading (2) Crop Production/Industries (1) Incentives (1) Institutional and Behavioral Economics (1) Marketing (1) Moral hazard (1) Normal-jump distribution (1) Norms (1) Peanuts (1) Regrading (1) Rounding (1) Social sanctions (1) Mais... Tipo do documento Journal Article (2) Conference Paper or Presentation (1) Ano 2003 (2) 2002 (1) País United States (3) Idioma Inglês (3)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 3 Primeira ... 1 ... Última USING BOTH SOCIOLOGICAL AND ECONOMIC INCENTIVES TO REDUCE MORAL HAZARD AgEcon Richter, Francisca G.-C.; Diaz, Edgar F. Pebe; Brorsen, B. Wade; Currier, Kevin. Economists tend to focus on monetary incentives. In the model developed here, both sociological and economic incentives are used to diminish the apparent moral hazard problem existing in commodity grading. Training that promotes graders' response to sociological incentives is shown to increase expected benefits. The model suggests that this training be increased up to the point where the marginal benefit due to training equals its marginal cost. It may be more economical to influence the grader's behavior by creating cognitive dissonance through training and rules rather than by using economic incentives alone. Tipo: Conference Paper or Presentation Palavras-chave: Marketing. Ano: 2003 URL: http://purl.umn.edu/35009 THE EFFECT OF ROUNDING ON THE PROBABILITY DISTRIBUTION OF REGRADING IN THE U.S. PEANUT INDUSTRY AgEcon Diaz, Edgar F. Pebe; Brorsen, B. Wade; Anderson, Kim B.; Richter, Francisca G.-C.; Kenkel, Philip L.. This article determines the effect of rounding (pointing-off) of grade percentages to the nearest whole number on the probability distribution of regrading in the peanut industry. Results show that rounding causes graders to have to regrade an extra 4% of samples even when they follow all directions and make no mistakes. When rounding was not used, the sample weight had little effect on the probability of regrading. With rounding, the probability of regrading was reduced by beginning with a larger than 500-gram sample. Thus, rounding provides an incentive to take overweight samples in order to avoid regrading. Overweight samples can overestimate the value of peanuts. A low-cost way to improve peanut grading accuracy would be to round to tenths rather than... Tipo: Journal Article Palavras-chave: Grading; Normal-jump distribution; Peanuts; Regrading; Rounding; Crop Production/Industries. Ano: 2002 URL: http://purl.umn.edu/14652 Using Both Sociological and Economic Incentives to Reduce Moral Hazard AgEcon Richter, Francisca G.-C.; Diaz, Edgar F. Pebe; Brorsen, B. Wade; Currier, Kevin. Economists tend to focus on monetary incentives. In the model developed here, both sociological and economic incentives are used to diminish the apparent moral hazard problem existing in commodity grading. Training that promotes graders' response to sociological incentives is shown to increase expected benefits. The model suggests this training be increased up to the point where the marginal benefit due to training equals its marginal cost. It may be more economical to influence the grader's behavior by creating cognitive dissonance through training and rules rather than by using economic incentives alone. Tipo: Journal Article Palavras-chave: Grading; Incentives; Moral hazard; Norms; Social sanctions; Institutional and Behavioral Economics. Ano: 2003 URL: http://purl.umn.edu/31096 Registros recuperados: 3 Primeira ... 1 ... Última

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