Data/hora: 07/06/2024 06:30:54

Provedor de dados: 	31	
País: 	United States	
Título: 	Can Rank-Order Tournaments Improve Efficiency of Quality Differentiated Crop Markets Under Marketing Loan Program Operation?  The Case of U.S. Peanuts.	
Autores: 	Nadolnyak,   Denis A.; Fletcher,   Stanley M.; Revoredo-Giha,   Cesar.	
Data: 	2005-09-21	
Ano: 	2005	
Palavras-chave: 	Contracts; Tournaments; Efficiency; Spot markets; Peanuts; Marketing.	
Resumo: 	In the paper, alternative contractual arrangements between crop producers and processors are evaluated with a view of addressing the major issues present in peanut markets in the U.S., the major EU supplier of high quality peanuts. The issues are the thinness of the spot markets and the absence of quality premiums, both of which impair market efficiency. Results indicate that introducing contracts with a system of quality differentials creates incentives for producer self-selection to participate in the post harvest cash market. Moreover, in the presence of  sufficiently high common production risk, tournament contracts are more efficient and preferred by the producers than the standard fixed premium schedules.	
Tipo: 	Conference Paper or Presentation	
Idioma: 	Inglês	
Identificador: 	17599

http://purl.umn.edu/24703	
Editor: 	AgEcon Search	
Relação: 	European Association of Agricultural Economists&gt;2005 International Congress, August 23-27, 2005, Copenhagen, Denmark

Contributed Paper	
Formato: 	12

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