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Optimal Contracts for Exploration with Cost Recovery of an Exhaustible Natural Resource Under Asymmetric Information AgEcon
Helal, Uddin; Rahman, Shaikh Mahfuzur.
Exploration of an exhaustible resource with cost recovery under asymmetric information about cost is modeled and analyzed employing Principal-Agent theory. Allocation of lower than full information level of effort for the high-cost firms is found socially optimal. However, distortion is less in a two-stage process of exploration and extraction.
Tipo: Working or Discussion Paper Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2006 URL: http://purl.umn.edu/28578
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PROTECTING CONTRACT GROWERS OF BROILER CHICKEN INDUSTRY AgEcon
Helal, Uddin.
In case of the tournament based pay-structure, the regulator may be able to increase the welfare of the growers regulating the average performance standard upward. Since she cares about the welfare of the growers, her optimal is to leave part of the surplus to the growers. She does this through setting the relative standard at all others' average inflated by some function of the weight. If there is budgetary constraint then the regulator may not be able to implement this inflated standard.
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries.
Ano: 2002 URL: http://purl.umn.edu/19834
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OPTIMAL CONTRACTS FOR EXPLORATION WITH COST RECOVERY OF AN EXHAUSTIBLE NATURAL RESOURCE UNDER ASYMMETRIC INFORMATION AgEcon
Rahman, Shaikh Mahfuzur; Helal, Uddin.
Exploration of an exhaustible resource with cost recovery under asymmetric information about cost is modeled and analyzed employing Principal-Agent theory. Allocation of lower than full information level of effort for the high-cost firms is found socially optimal. However, distortion is less in a two-stage process of exploration and extraction.
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2004 URL: http://purl.umn.edu/20180
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ENVIRONMENTAL RISK MANAGEMENT IN THE HORTICULTURAL INDUSTRY AgEcon
Parker, Douglas D.; Helal, Uddin.
This paper uses environmental risk assessment as a nutrient management planning tool to determine the best set of actions to control nutrient nonpoint source pollution in the horticultural industry. The framework minimizes costs subject to obtaining an environmental risk management score at or below a threshold value.
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries; Environmental Economics and Policy.
Ano: 2000 URL: http://purl.umn.edu/21752
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