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	Provedor de dados AgEcon (1) Autor Franken, Jason R.V. (1) Garcia, Philip (1) Pennings, Joost M.E. (1) Palavra-chave Agricultural Finance (1) Asset specificity (1) Contracts (1) Hogs (1) Risk attitude and risk perception (1) Risk behavior (1) Transaction costs economics (1) Mais... Tipo do documento Conference Paper or Presentation (1) Ano 2008 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Do Transaction Costs and Risk Preferences Influence Marketing Arrangements in the Illinois Hog Industry? AgEcon Franken, Jason R.V.; Pennings, Joost M.E.; Garcia, Philip. Studies of hog industry structure often invoke risk reduction and transaction costs explanations for empirical observations but fail to directly examine the core concepts of risk behavior and transaction costs theories. Using a more unified conceptual framework and unique survey and accounting data, this study demonstrates that that risk preferences and asset specificity impact Illinois producers’ use of contracts and spot markets as suggested by theory. Factor analytic methods limit measurement error for indirectly observable risk and transaction costs variables employed in logit regressions. In particular, related investments in specific hog genetics and specific human capital regarding the production process increase the probability of selecting... Tipo: Conference Paper or Presentation Palavras-chave: Risk behavior; Transaction costs economics; Risk attitude and risk perception; Asset specificity; Contracts; Hogs; Agricultural Finance. Ano: 2008 URL: http://purl.umn.edu/37599 Registros recuperados: 1 Primeira ... 1 ... Última

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