Broiler Production Contracts as a Multi-Agent Problem: Common Risk, Incentives and Heterogeneity
The broiler industry presents two puzzles regarding production contracts: why do processors control growers' inputs, and why do they use a statistically insufficient estimator to calculate growers' compensation? This paper provides an agency theoretic framework that explains these puzzles...
Veröffentlicht in: | American Journal of Agricultural Economics. - Oxford University Press. - 82(2000), 3, Seite 606-622 |
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Format: | Online-Aufsatz |
Sprache: | English |
Veröffentlicht: |
2000
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Zugriff auf das übergeordnete Werk: | American Journal of Agricultural Economics |
Schlagworte: | agency theory production contracts Mathematics Business Law Economics Biological sciences Behavioral sciences Physical sciences |
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