This paper provides a survey of contract design structures in identity-preserved soybean production. Drawing from economic theories of contract and organizational design, we document the allocation of value and decision rights associated with the transaction and the resulting allocation of risk...

This paper provides a survey of contract design structures in identity-preserved soybean production. Drawing from economic theories of contract and organizational design, we document the allocation of value and decision rights associated with the transaction and the resulting allocation of risk...

It is generally agreed that boards are endogenously determined institutions that serve both oversight and advisory roles in a firm. While the oversight role of boards has been extensively studied, relatively few studies have examined the advisory role of corporate boards. We examine the...

Under the rubric of "big is not per se bad, but can lead to predatory business practices," the partnering of DOJ and USDA represents a move to apply antitrust and the Packers and Stockyard Act as two blades of a scissor to cut down practices deemed inappropriate by regulators. Michael Sykuta,...

The corporate governance literature is rich with empirical tests of the relation between board composition and firm performance. We consider the effect of board composition on a different measure of performance, the probability a firm will be sued by shareholders. We find firms that are...

Oliver Williamson argues that a principal will only trust an agent when there are safeguards to ensure the agent has an incentive for trustworthiness (Williamson, O. E. [1993]. Calculativeness, trust, and economic organization. <italic>The Journal of Law and Economics, 36</italic>, 453-486). However, such...