The powers of Wu-Hausman endogeneity tests are related to the normalization d ecision in estimating demand equations. Power is not invariant to the choice bet ween quantity and price as the dependent variable. A theoretical result due to N akamura and Nakamura_(1984) is used to explore the...

Broiler chickens are raised by contract growers whose rewards depend explicitly upon relative performance. The authors use data on the performance of broiler producers facing both tournament and linear performance evaluation compensation structures to test three predictions from the theory of...

A transaction costs framework is developed to explain the choice between lump-sum and per unit payment provisions in private timber-harvesting contracts. Predictions about which contract type minimizes the transaction costs of presale measurement and contract enforcement and monitoring are...

Economists have studied the environmental consequences and competitiveness of alternative sales techniques for publicly-owned na tural resources. Little attention has been paid, however, to fluctuat ions in revenues resulting from the "option" nature of public resourc e sales. This paper...

The presence of potentially binding constraints in rural labor markets is investigated by examining spillover effects on land market participation decisions. Farm and household data from ICRISAT village level surveys are used in a multinominial logit model that accounts for the simultaneous...

This short paper models physical content policies in a bilateral monopoly setting using a cooperative game approach. For just binding or nonbinding content requirements, the policy does not induce any deadweight loss but alters the profit distribution in favor of the domestic supplier. This...

A better understanding of the development of part-time farming in China would be invaluable both for academic inquiry and policy formulation. This study, using farm-level survey data, examines the development of part-time farming in China. The two key questions examined are (1) how part-time...