Data/hora: 01/06/2024 08:30:04

Provedor de dados: | 31
País: | United States
Título: | Moral Hazard, Targeting and Contract Duration in Agri-Environmental Policy
Autores: | Fraser,   Rob W.
Data: | 2011-07-11
Ano: | 2011
Palavras-chave: | Moral Hazard; Contract Duration; Agri-Environmental Policy; Targeting; Agribusiness; Environmental Economics and Policy; Q15; Q18; Q58.
Resumo: | This paper extends the multi-period agri-environmental contract model of Fraser (2004) so that it contains a more realistic specification of the inter-temporal penalties for non-compliance, and therefore of the inter-temporal moral hazard problem in agri-environmental policy design. On this basis it is shown that a farmer will have an unambiguous preference for cheating early over cheating late in the contract period based on differences in the expected cost of compliance. It is then shown how the principal can make use of this unambiguous preference to target monitoring resources intertemporally, and in so doing, to encourage full contract duration compliance.
Tipo: | Conference Paper or Presentation
Idioma: | Inglês
Identificador: | http://purl.umn.edu/108795
Relação: | Agricultural Economics Society&gt;85th Annual Conference, April 18-20, 2011, Warwick University, Coventry, UK
Formato: | 17