It is well known from the compliance literature that whenever it costly tomonitor agents' compliance to contract terms, compliance is likely to beincomplete. This paper goes one step further by examining the implications ofincomplete monitoring on agent's sales offers in auctions for...

This paper addresses the coordination and innovation issues needed for promoting value added at the rural and regional level. Thereare two sides to value added: the ability to meet consumer demand, and to identify least cost ways of supplying the demanded goods. Humanand social capital plays an...

The ongoing negotiations of the World Trade Organization (WTO) on agriculture has triggered an increased interest in the linkages between commodity production and public goods in agriculture. This paper takes a closer look at this issue. Particular emphasis is placed on production economics and...

paper from plenary session

Technical change at the farm level or changes ininput prices often entail that the firm's supply functionchanges. These changes can take place in numerous ways. Thispaper presents a methodology that increases the consistency insupply responses across various sets of agricultural productsand farm...

Many previous analyses of multifunctionality in agriculture claim there is positive jointness between the production commodities and nonmarket goods and services. Those analyses have not treated acreage as an endogenous variable. This leads to several errors in terms of the analysis of policy...

A major criticism of contingent valuation methods relates to their hypothetical nature, where truthful revelation of willingness-to-pay is not secured because of the missing link between stated willingness-to-pay and the respondent's budget constraint. Large deviations between stated...

Technical change at the farm level or changes in input prices often entail that the firm's supply function changes. These changes can take place in numerous ways. This paper presents a methodology that increases the consistency in supply responses across various sets of agricultural products and...

It is well known from the compliance literature that whenever it costly to monitor agents' compliance to contract terms, compliance is likely to be incomplete. This paper goes one step further by examining the implications of incomplete monitoring on agent's sales offers in auctions for...