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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
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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
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Agent discretion, adverse selection and the risk-incentive trade-off
Adams, Christopher P. - 2002
Persistent link: https://www.econbiz.de/10001748084
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Single or menu contracting : an application of the hersanyi model to Mudaraba financing
El Fakir, Adil; Tkiouat, Mohamed - In: International journal of economics and financial issues … 6 (2016) 1, pp. 221-230
Persistent link: https://www.econbiz.de/10011695267
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Motivating with simple contracts
Escobar, Juan F.; Pulgar, Carlos - 2016
Persistent link: https://www.econbiz.de/10011699704
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Robust contracting under common value uncertainty
Auster, Sarah - In: Theoretical economics : TE ; an open access journal in … 13 (2018) 1, pp. 175-204
seller's valuation and the buyer's valuation, and the buyer evaluates each contract according to its worst-case performance … over a set of probability distributions. This paper demonstrates that the contract that maximizes the minimum payoff over … contract for any given probability distribution is a posted price, which induces bunching. Using the e-contamination model …
Persistent link: https://www.econbiz.de/10011855861
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Simple contracts with double-sided moral hazard and adverse selection
Tan, Lihua; Yang, Zhaojun - In: Economics letters 236 (2024), pp. 1-4
Persistent link: https://www.econbiz.de/10015071915
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Interim information in long term contracts
Strausz, Roland - 2005
principle, the optimal contract under non-verifiability is derived by employing the theory of communication equilibrium. …
Persistent link: https://www.econbiz.de/10010343964
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Combining mixed logit models and random effects models to identify the determinants of willingness to pay for rural landscape improvements
Campbell, Danny - 2007
This paper reports the findings from a discrete choice experiment study designed to estimate the economic benefits associated with rural landscape improvements in Ireland. Using a mixed logit model, the panel nature of the dataset is exploited to retrieve willingness to payvalues for every...
Persistent link: https://www.econbiz.de/10009445110
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Impact of Innovativeness and Environmental Stewardship on Adoption of Energy Crops
Gedikoglu, Haluk - Agricultural and Applied Economics Association - AAEA - 2012
The Energy Independence and Security Act of 2007 set a renewable fuel standard of 36 billion gallons of biofuel production by 2022, of which 21 billion gallons are to come from cellulosic sources, such as Switchgrass and Miscanthus.The objective of this study is to measure the impact of...
Persistent link: https://www.econbiz.de/10010916727