contract, standard price contract and discretionary bonus contract (most incomplete). Gift contracts and standard price …

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 and ex-post efficient. Provided long-run land prices are stationary, the …

agent of entering the contract. This yields an optimal contract that is linearized by way of an Nth order Taylor …

through 2009. For both corn and soybeans we saw a downward trend in the cost of forward contract for January delivery and we …

results suggest that a contract which is able to control both the pattern of changes in piglet prices and the option to … feasible to have incentives towards the contract commitment when market situation upon accepting the commitment is favourable. …

processor-grower contracts. We conclude that: (1) the processor offers a contract with a higher premium and a lower base payment … under the contract with a marketing agreement (2) contract parameters change in similar manner under the two contracts (3 …) under a contract with a marketing agreement the processor earns less profit. The individual contract scenarios are discussed …