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Making a market for Miscanthus: Can new contract designs solve the biofuel investment hold-up problem?

Wu, Steven Y.; Rosch, Stephanie D.; Alexander, Corinne E.; … - Agricultural and Applied Economics Association - AAEA - 2010

We present designs for optimal contracts to solve the investment hold-up problem for perennial crops for the biofuel industry. A fixed-price contract is ex-ante efficient but renegotiation-proof for a limited range of discount parameters. A perfectly- indexed contract is both renegotiation-proof...

Persistent link: https://www.econbiz.de/10009020824

CONTRACTING OVER COMMON PROPERTY: COST-SHARE CONTRACTS FOR PREDATOR CONTROL

Yoder, Jonathan K. - Agricultural and Applied Economics Association - AAEA - 1999

Predator control cost-share contracts among livestock producers in North America date back to 1630. A model is developed which provides refutable implications for the structure and distribution of these contracts over time and space. Historical and contemporary state and county level data on...

Persistent link: https://www.econbiz.de/10005494128

The Structural Estimation of Principal-Agent Models by Least Squares: Evidence from Land Tenancy in Madagascar

Brown, Zachary S.; Bellemare, Marc F. - Agricultural and Applied Economics Association - AAEA - 2009

We develop a method to structurally estimate principal-agent models by ordinary least squares (OLS). We set up a general principal-agent model which explicitly incorporates the wealth levels of each party and the opportunity cost to the agent of entering the contract. This yields an optimal...

Persistent link: https://www.econbiz.de/10004979698

Quality Certification by Geographical Indications, Trademarks and Firm Reputation

Menapace, Luisa; Moschini, GianCarlo - Agricultural and Applied Economics Association - AAEA - 2010

We study firm reputation as a mechanism to assure product quality in perfectly competitive markets in a context in … which both certification and trademarks are available. Shapiro’s (1983) model of reputation is extended to reflect both … reputation and lead to welfare gains compared to a situation in which only private trademarks are available. Hence, certification …

Persistent link: https://www.econbiz.de/10009020576

Private and Government Food Safety Monitoring: Theory and Evidence from Dairy Sector in Kyrgyzstan

Saak, Alexander - Agricultural and Applied Economics Association - AAEA - 2014

Selected Poster for AAEA 2014 annual meetings

Persistent link: https://www.econbiz.de/10011068561