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Relational Contracting and Allocation of Decision Rights in the Agri-Food Industry: Producer Contracts and Food Safety AgEcon
Karantininis, Kostas; Graversen, Jesper T.; Rasmussen, Hans Jacob Nymann.
We apply a formal theoretical model of adaptation to two empirical settings within the agri-food industry: specialized pig production and food safety in Denmark. The objective is to allocate decision rights ex ante so that actual decisions taken ex post will optimize the profit accruing to the two parties in a contractual or integrative relation. Two applications are presented in this paper: First an actual partnership between two pork producers in Denmark. Based on detailed budgets we develop detailed schedules for the “reneging temptations” of the two partners- These are the temptations to renege on the contract during the evolution of the partnership. Using a model developed by Baker, Gibbons and Murphy (2006) we calculate equilibria using the Folk...
Tipo: Conference Paper or Presentation Palavras-chave: Theory of the firm; Adaptation theory; Contracts; Decision Rights; Pig production; Food safety; Agribusiness; Agricultural and Food Policy; Farm Management; Food Consumption/Nutrition/Food Safety; Industrial Organization; D21; L2; Q1.
Ano: 2008 URL: http://purl.umn.edu/49877
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ORGANIC FARMING IN DENMARK-PRODUCTIVITY, TECHNICAL CHANGE AND MARKET EXIT AgEcon
Sauer, Johannes; Park, Timothy A.; Graversen, Jesper T..
This paper attempts to quantitatively measure the change in the productivity of Danish organic farming in recent years. Based on a translog production frontier framework the technical and scale efficiency on farm level is analysed by following a time trends as well as a general index model specification. We further try to analyse the significance of subsidies for promoting long term growth in organic production by estimating a bootstrapped bivariate probit model with respect to factors influencing the probability of organic market exit. The results revealed significant differencies in the organic farms' technical efficiencies, no significant total factor productivity growth and even a slightly negative rate of...
Tipo: Conference Paper or Presentation Palavras-chave: Organic Farming; Total Factor Productivity; Market Exit; Agribusiness; Productivity Analysis.
Ano: 2007 URL: http://purl.umn.edu/7618
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Securing Food Quality in the Danish Broiler Supply Chain - an Economic and Organizational Study AgEcon
Graversen, Jesper T.; Bramsen, Jens-Martin; Lund, Mogens; Sondergaard, Janus.
Using the Danish broiler sector and an ongoing food quality project as a case study, the paper provides a dicussion of how new food safety and food quality standards might be implemented. In the paper the design of new payment schemes is seen as an important part of the realignment of the poultry supply chain. The basic principles of such a new scheme is outlined and suggestions for a redesign of the incentive structures are discussed. Furthermore economic and organizational issues, related to the structural realignment of the supply chain raised by the development and implementation of a chain-wide HACCP system, are discussed. It is concluded that successfully implementation of HACCP principles in a sector as a whole, not only is a matter of describing...
Tipo: Conference Paper or Presentation Palavras-chave: HACCP; Broilers; Chain perspective; Incentive structures; Payment schemes; Vertical coordination; Transaction costs; Food Consumption/Nutrition/Food Safety.
Ano: 2004 URL: http://purl.umn.edu/24997
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Breathtaking or Stagnating? - Productivity, Technical Change and Structural Dynamics in Danish Organic Farming AgEcon
Sauer, Johannes; Graversen, Jesper T.; Park, Timothy A..
This paper attempts to quantitatively measure the change in the productivity of Danish organic farming in recent years by using panel data on 56 organic farms mainly engaged in milk production for the period 2002 to 2004. Based on a translog production frontier framework the technical and scale efficiency on farm level is analyzed by considering also curvature consistency. The total change in productivity for the reference period is measured by using the Malmquist total factor productivity index approach based on a time trends as well as a general index model specification. Input specific bias in technical change as well as a general index model specification. Input specific bias in technical change as well elasticities of input substitution are...
Tipo: Conference Paper or Presentation Palavras-chave: Land Economics/Use.
Ano: 2006 URL: http://purl.umn.edu/21481
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Lack of Credibility in Food Markets - Driving Medium Quality Food Out of the Market AgEcon
Christensen, Jan; Graversen, Jesper T..
Some food markets are dominated by high quality and standard quality segments, whereas medium quality products are almost absent. A modeling framework with asymmetric information regarding true quality of the products and the resulting lack of consumer confidence is presented. Uncertainty regarding the quality of alleged medium quality products provides certain consumer groups to divert consumptions away from medium quality to either standard or high quality products. These countervailing incentives explain the missing medium quality products. Empirical examples are given to motivate the model.
Tipo: Conference Paper or Presentation Palavras-chave: Adverse selection; Asymmetric information; Consumer behavior; Product differentiation; Uncertainty; Consumer/Household Economics; D11; D82; Q13.
Ano: 2005 URL: http://purl.umn.edu/24539
Registros recuperados: 5
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