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Registros recuperados: 15
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Adverse Selection in the Environmental Stewardship Scheme: Does the Higher Level Entry Scheme Design Reduce Adverse Selection? AgEcon
Quillerou, Emmanuelle; Fraser, Rob W..
The Environmental Stewardship Scheme provides payments to farmers for the provision of environmental services based on agricultural foregone income. This creates a potential incentive compatibility problem which, combined with an information asymmetry on farm land heterogeneity, could lead to adverse selection of farmers into the scheme. However, the Higher Level Scheme (HLS) design includes some features that potentially reduce adverse selection. This paper studies the adverse selection problem of the HLS using a principal agent framework at the regional level. It is found that, at the regional level, the enrolment of more land from lower payment regions for a given budget constraint has led to a greater overall contracted area (and thus potential...
Tipo: Conference Paper or Presentation Palavras-chave: Adverse selection; Agri-environment; Environmental Stewardship; Principal-agent; Contract; Environmental Economics and Policy; D78; D82; H44; Q18; Q58.
Ano: 2009 URL: http://purl.umn.edu/51068
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Adverse Selection in the Environmental Stewardship Scheme: Evidence in the Higher Level Stewardship Scheme? AgEcon
Quillerou, Emmanuelle; Fraser, Rob W.; Fraser, Iain.
The Environmental Stewardship Scheme provides payments to farmers for the provision of environmental services based on foregone agricultural income. This creates a potential incentive compatibility problem which, combined with an information asymmetry on farm land heterogeneity, could lead to adverse selection of farmers into the Scheme and therefore reduced cost-effectiveness of the Scheme. This reduced cost-effectiveness would be represented by a systematic overpayment of farmers for the land enrolled into the Scheme, compared to the opportunity cost of production. This paper examines the potential adverse selection problem affecting the higher tier of the Environmental Stewardship, the Higher Level Stewardship, using a principal agent framework combined...
Tipo: Conference Paper or Presentation Palavras-chave: Adverse selection; Agri-environment; Environmental Stewardship; Principal-agent; Contract; Environmental Economics and Policy; D78; D82; H44; Q18; Q58.
Ano: 2010 URL: http://purl.umn.edu/91676
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Arkansas Landlord Selection of Land-Leasing Contract Type and Terms AgEcon
Rainey, Ronald L.; Dixon, Bruce L.; Ahrendsen, Bruce L.; Parsch, Lucas D.; Bierlen, Ralph W..
Land leasing is a major source of the land input to production agriculture. Responses from a survey of landlords leasing crop land in Arkansas are analyzed to better understand those factors motivating landlords in the type of lease they select and the terms of those leases. Probit models are estimated to determine the relative importance of variables representing credit constraint, agency problem, and risk aversion factors. Regression models then estimate the impact of site, landlord, and tenant characteristics on contract terms – the percentage of crop and cost sharing arrangements between landlord and tenant. Probit results suggest credit constraint factors influence lease-type selection. Risk aversion, managerial ability, and social capital factors are...
Tipo: Journal Article Palavras-chave: Land leasing; Probit; Contract; Production agriculture; Land Economics/Use.
Ano: 2005 URL: http://purl.umn.edu/8175
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Avaliação de contratos: uma abordagem utilizando a Análise Fatorial de Correspondência AgEcon
Freire Junior, Weimar da Rocha; Carvalheiro, Elizangela Mara; Staduto, Jefferson Andronio Ramundo; Opazo, Miguel Angel Uribe.
This study, in the light of transaction cost theory, has assessed the contractual relationships, eliciting the contracts in the Brazilian agribusiness. By using the transaction attributes in their main vectors of the features in which give the possibility to design the government structure of the lower cost. The contracts present a government structure, which when they are widely considered to represent a variety of agreement among the economic agents. On this system, the analysis to be developed is going to adopt a statistic multivariate method, which is going to assess nine contracts mostly consonant with the agribusiness (five contracts on sales, three on franchising and one on agriculture joint venture). These relationships facilitate to emphasize...
Tipo: Journal Article Palavras-chave: Contract; Transaction costs economy; Multivariate analysis.; Agribusiness; Q13; L14.
Ano: 2008 URL: http://purl.umn.edu/61246
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Evaluating the potential contribution of contract auctions to Agri-Environmental Policy efficiency: A simulation model for Emilia-Romagna (Italy) AgEcon
Viaggi, Davide; Raggi, Meri; Gallerani, Vittorio.
Auctions are a potentially suitable policy tool for increasing the efficiency of Agri- Environmental Schemes (AES) through an improved allocation of contracts. In theory, through the auction mechanism, farmers have incentives to reveal their compliance costs, helping to reduce information rents and increase policy cost-effectiveness. The aim of this paper is to simulate the potential contribution of auction mechanisms to the efficiency of AES in Emilia-Romagna (Italy). The results show advantages for auctions compared with traditional flat rate payments based on average compliance costs. However, their performance is worse than flat payments based on marginal compliance costs.
Tipo: Article Palavras-chave: Auction; Contract; Agri-Environmental Policy; Information asymmetry; Agricultural and Food Policy; Environmental Economics and Policy; Q15; Q18.
Ano: 2010 URL: http://purl.umn.edu/118671
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Factors Influencing Contract Use and Contract Terms in Organic Markets AgEcon
Franken, Jason R.V.; Sykuta, Michael E.; Klein, Peter G..
Tipo: Conference Paper or Presentation Palavras-chave: Contract; Marketing; Organic; Agribusiness; Institutional and Behavioral Economics; Marketing; Q13.
Ano: 2010 URL: http://purl.umn.edu/61365
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Horticultural Households Profit Optimization and the Efficiency of Labour Contract Choice AgEcon
Ndoye Niane, Aifa Fatimata; Burger, Kees; Bulte, Erwin H..
In agriculture, the coexistence of different forms of land tenancy or labour contract has been explained so far by several theories related to Marshallian inefficiency, incentives, risk sharing, and transaction costs, including supervision costs. These theories and the empirical evidences have greatly contributed to explain the reasons behind land tenancy or labour contract choice. This study follows up on this. Moreover, it intends to take a further step by focusing particularly on the production technologies at plot level, and by designing and testing a theoretical model based on household profit optimization. This model will take into account the supervision costs of labour (i) to compare optimum profit derived from plots based on household labour, a...
Tipo: Journal Article Palavras-chave: Land tenancy; Labour; Sharecropping; Wage; Contract; Supervision; Household; Profit optimization; Efficient; Irrigation equipment; Horticulture; Senegal; Agricultural Finance.
Ano: 2010 URL: http://purl.umn.edu/95776
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Marketing Agreement, Food Safety and Contract Design AgEcon
Liang, Jing; Jensen, Helen H..
Recent outbreaks of food-borne illness related to fruit and vegetables have led to increased concerns about the safety of produce. In response, the industry has adopted marketing agreements to ensure consistency of product safety. Contracts now are widely used between processors and growers to specify product safety attributes. This paper uses a principal-agent model to examine how the inclusion of a marketing agreement influences the behavior of growers and processors under processor-grower contracts. We conclude that: (1) the processor offers a contract with a higher premium and a lower base payment under the contract with a marketing agreement (2) contract parameters change in similar manner under the two contracts (3) under a contract with a marketing...
Tipo: Conference Paper or Presentation Palavras-chave: Contract; Food safety; Principal-agent; Market agreements; GAPs; On-farm inspection; Food Consumption/Nutrition/Food Safety; Marketing.
Ano: 2008 URL: http://purl.umn.edu/6434
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Risk Attitude & the Structure of Decision Making: Evidence from the Hog Industry AgEcon
Franken, Jason R.V.; Pennings, Joost M.E.; Garcia, Philip.
We investigate the importance of an appropriate representation of behavior, risk attitude, and related characteristics for owner-managers making marketing decisions. We assess whether managerial/firm characteristics directly affect the decisions or if their influence occurs indirectly through impacts on risk aversion. The findings, which support an indirect effect, indicate that failure to represent the relationship between risk aversion, other characteristics, and behavior appropriately can mask the effect of risk aversion. A more complete understanding of the structure of decision making may assist economists and policymakers in designing and targeting mechanisms to transfer risk.
Tipo: Conference Paper or Presentation Palavras-chave: Behavior; Contract; Hogs; Marketing; Risk attitude; Agribusiness; Institutional and Behavioral Economics; Marketing; Q13.
Ano: 2011 URL: http://purl.umn.edu/103610
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Speaking Stata: How to repeat yourself without going mad AgEcon
Cox, Nicholas J..
This column will focus on how to improve your fluency in Stata. Over the next issues we will look at Stata problems of intermediate size which turn out to be soluble with a few command lines. As an introduction, systematic ways of repeating the same or similar operations are surveyed to give one overview of the territory to be covered.
Tipo: Journal Article Palavras-chave: Append; By; Collapse; Contract; Do-files; Egen; For; Foreach; Forvalues; Log files; Merge; Naming conventions; Programs; Repetition; Reshape; Statsby; Subset or group structure; Tabulations; Research Methods/ Statistical Methods.
Ano: 2001 URL: http://purl.umn.edu/115938
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Stochastic Dominance Analysis of Bioenergy Crops as a Production Alternative on an East Tennessee Beef and Crop Farm AgEcon
Griffith, Andrew P.; Larson, James A.; English, Burton C.; McLemore, Dan L..
This study evaluated prices and incentives for switchgrass stated in a biorefinery’s contract terms that induce switchgrass production on an east Tennessee representative farm when compared with traditional enterprises. The alternate contract terms imitated current subsidies/incentives offered as well as incentives and cost share terms not in the BCAP.
Tipo: Thesis or Dissertation Palavras-chave: Switchgrass; Contract; Risk aversion; Net return; Farm Management; Production Economics; Resource /Energy Economics and Policy; Q12.
Ano: 2009 URL: http://purl.umn.edu/46811
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THE AGE OF CONTRACT AGRICULTURE: CONSEQUENCES OF CONCENTRATION IN INPUT SUPPLY AgEcon
Harl, Neil E..
Dramatic increases in concentration in the seed business, coupled with aggressive efforts to vertically integrate the agricultural sector and to institute contract-based production of commodities, have raised questions about the economic position of producers. Disparate positions of market power by highly concentrated input suppliers on the one hand (particularly seed suppliers because of control over germ plasm and a monopoly position over seed varieties through plant patents or plant variety protection certificates), and producers in nearly perfect competition on the other, suggest that the revenue division from production is likely to be redefined in favor of the party with the greater market and economic power. Possible solutions include aggressive...
Tipo: Journal Article Palavras-chave: Agriculture; Antitrust; Barriers to entry; Collective action; Concentration; Contract; Seed; Vertical integration; Farm Management; Industrial Organization.
Ano: 2000 URL: http://purl.umn.edu/14701
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The current state of Contract Law in Australia and why it is important for rural managers to understand it AgEcon
Smith, Tony.
Farmers are business managers and as such they must understand the law or they are likely to fall foul of it. This especially applies to contract law, with which they deal constantly. Contract law is made up of the common law – as the courts have decided it – and statute law- as the state and federal parliaments have enacted statutes which modify the common law. The most important and most recent of the latter is the new Australian Consumer Law.
Tipo: Article Palavras-chave: Contract; Consumer; Unconscionable; Farm Management.
Ano: 2012 URL: http://purl.umn.edu/122903
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THE HARMONIZATION OF THE EU CONTRACT LAW AgEcon
Gyuris, Arpad.
Why would a common contract law be optimal for the member states of the European Union? The main reason is that it would be much cheaper to set up contractual relations. If somebody conducts economic activities in the European Union, and if the same regulations apply everywhere, this unity can help this corporate or private person (entrepreneur) to work under the same conditions. If somebody wants to sell a product in the EU he/she has to be well-prepared about the different legal systems in various countries. To know these regulations is very expensive. Apart from the costs, there is also the risk of accepting another country’s legal norms, which are different than home rules. The essence of the EU is the common market. The steps that the EU has taken to...
Tipo: Journal Article Palavras-chave: European Union; Contract; Harmonization; Agricultural and Food Policy; Public Economics.
Ano: 2007 URL: http://purl.umn.edu/58913
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Trust and Contracting in Agri-Food Hybrid Structures AgEcon
Martino, Gaetano.
The paper aims at examining the hypothesis that the influence of trust on contract can be thought of as a dynamic factor of organizational choices in supply chains. The relationship between contract and trust is delineated on the basis of institutional environment, contractual incompleteness, safeguards and restrictive provisions. The interaction between individual and system elements in the formation of trust and its influence in hybrid contracting is considered. According to a New Institutional Economics approach and a theoretical framework is proposed. Empirical evidence is provided by a case study regarding an Italian retailer company establishing hybrid structure with its suppliers. Investments in suppliers selection provide the basis for trust...
Tipo: Conference Paper or Presentation Palavras-chave: Hybrid structures; Trust; Contract; Agribusiness; Q13; D23.
Ano: 2007 URL: http://purl.umn.edu/6769
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