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Adverse Selection in the Environmental Stewardship Scheme: Evidence in the Higher Level Stewardship Scheme?

Quillerou, Emmanuelle; Fraser, Rob W.; Fraser, Iain - Agricultural Economics Society - AES - 2010

The Environmental Stewardship Scheme provides payments to farmers for the provision of environmental services based on foregone agricultural income. This creates a potential incentive compatibility problem which, combined with an information asymmetry on farm land heterogeneity, could lead to...

Persistent link: https://www.econbiz.de/10008489944

Breaking up a research consortium

Niedermayer, Andras; Wu, Jianjun - 2013

contract is a (secondbest) optimal screening device for firm A to screen out free-riders. With the additional constraint of … incentive to renegotiate the contract ex post. We also propose empirical strategies for identifying the three likely causes of a …

Persistent link: https://www.econbiz.de/10010200195

Termination fees and contract design in public-private partnerships

Buso, Marco; Dosi, Cesare; Moretto, Michele - 2018

We study the effects of granting an exit option that enables the private party to early terminate a PPP project if it turns out to be loss-making. In a continuous time setting with hidden information about stochastic operating profits, we show that a revenue-maximizing government can optimally...

Persistent link: https://www.econbiz.de/10011925624

Agency problems in a competitive conglomerate with production constraints

Herrera-Velasquez, Jose de Jesus - 2022

Persistent link: https://www.econbiz.de/10013398058

Optimal contracts under general mixed constraints : continuity, structure, and applications

Semenov, Aggey - 2025

Persistent link: https://www.econbiz.de/10015371684

Optimal contracting under adverse selection : the implications of mentalizing

Lenells, Jonatan; Stea, Diego; Foss, Nicolai J. - In: Contemporary economics 9 (2015) 2, pp. 215-231

information. This strategy affects the properties of the optimal contract, which grows closer to the first best. This research …

Persistent link: https://www.econbiz.de/10011305996

Incentive Contracts, Adverse Selection, and Risk Transfer : Evidence from Procurement

Liu, Meng - 2018

Multi-attribute auctions, designed to address multi-dimensional preference, make a good casestudy where incentive provisions interact with competition. By studying "Cost Time" highwayprocurement that aims to incentivize timely project delivery, we show that awarding incentivecontracts by bidding...

Persistent link: https://www.econbiz.de/10012907725

Adverse selection in insurance

Dionne, Georges; Fombaron, Nathalie; Mimra, Wanda - 2023

Persistent link: https://www.econbiz.de/10014437445

Simple contracts with adverse selection and moral hazard

Gottlieb, Daniel; Moreira, Humberto - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 3, pp. 1357-1401

multiplicative separability condition, the optimal mechanism offers a single contract. This condition holds, for example, when output … likelihood ratio property, the mechanism offers a single debt contract. Our results generalize if the output distribution is … “close” to multiplicatively separable. Our model suggests that offering a single contract may be optimal in environments with …

Persistent link: https://www.econbiz.de/10013327130

Principal-agent governance mechanism in an emerging biofuels supply chain in USA

Pandey, Vivek; Shanoyan, Aleksan; Peterson, H. Christopher - In: Asian journal of agriculture and rural development : AJARD 3 (2013) 8, pp. 532-542

. Theoretical results indicate that the specification contract under the principal-agent framework is of limited utility due to …

Persistent link: https://www.econbiz.de/10009793488