Richter, Francisca G.-C.; Diaz, Edgar F. Pebe; Brorsen, … - Southern Agricultural Economics Association - SAEA - 2003
Economists tend to focus on monetary incentives. In the model developed here, both sociological and economic incentives are used to diminish the apparent moral hazard problem existing in commodity grading. Training that promotes graders' response to sociological incentives is shown to increase...