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Understanding and Managing Behavioural Risks -The Case of Food Risks Caused by Malpractice in Poultry Production AgEcon
Hirschauer, Norbert; Zwoll, Stefan.
The probability that actors in economic relationships break rules increases with the profits they thus expect to earn. It decreases with the probability and level of short- and long-term losses resulting from disclosure. It also decreases with the level of social context factors and intrinsic values which shield actors from yielding to economic temptations. This paper assesses the relative merits of various scientific approaches concerned with risks in economic relationships and outlines their contribution to the study of opportunistic rule-breaking. Since the identification of (misdirected) economic incentives faced by firms and individuals represents the starting point for a systematic analysis of opportunism in any field, we also outline a microeconomic...
Tipo: Working or Discussion Paper Palavras-chave: Asymmetric information; Control theories; Economic misconduct; Game theory; Moral hazard; Principal-agent model; Opportunism; Protective factors; Relational risks; Food Consumption/Nutrition/Food Safety; A13; K32; K42.
Ano: 2006 URL: http://purl.umn.edu/10287
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