Loss aversion has become the dominant alternative to expected utility theory for modeling choice under uncertainty. The setting of the base payment in contracts provides an interesting application of referenced based decision theory. The impact of loss aversion on contract structure depends...

Using data gathered in two surveys we analyze the movement of information in agriculture. The relative importance of varying classes of information providers are assessed by classes of users. A network based framework expands models of human capital and bounded rationality to assess the calculus...

We develop a model of decision makers' demand for agricultural economic information services. This model treats choice of external decision-support services as a function of actors' assessment of how alternative investments in information complement their internal competencies. Data from a...