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Environmental governance increasingly focuses on public-private partnerships. We focus on contracting as a subset of the role of private actors governing landscape-level resources — such as wildlife habitats, scenic vistas, and firescapes — that exceed individual parcel sizes and are thus...
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Structuring contracts to share risk in light of incentive problems is the central premise of contract theory, yet the … risk-sharing implications have rarely been thoroughly tested using micro-level contract data. In this article we test the … with risk aversion as an explanation of contract choice in modern North American farming. At the same time, we find some …
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