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Within the independent private-values paradigm, we derive the data-generating process of the winning bid for the last unit sold at multi-unit sequential English auctions when bidder valuations are draws from different distributions; i.e., in the presence of asymmetries. When the identity of the...
Persistent link: https://www.econbiz.de/10011324888
We prove the existence of an increasing equilibrium, and study the comparative statics of correlation in the k-double auction with affiliated private values. This is supposedly the simplest bilateral trading mechanism that allows for dependence in valuations between buyers and sellers. In the...
Persistent link: https://www.econbiz.de/10011324889
We study the steady state of a market with incoming cohorts of buyers and sellers who are matched pairwise and bargain under private information. We first consider generalized random-proposer take-it-or-leave-it offer games (GRP TIOLI games). This class of games includes a simple random-proposer...
Persistent link: https://www.econbiz.de/10010266316
The objective of this paper is to identify the strategies and instruments that agribusiness companies currently use to … agribusiness firms. The majority of respondents expect that the importance of the markets in the BRIC countries will increase … agribusiness companies are facing in the context of handling international markets, especially in BRIC countries. …
Persistent link: https://www.econbiz.de/10010306936
In emerging markets for high-value food products in developing countries, processing companies search for efficient ways to source raw material of consistent quality. One widely embraced approach is contract farming. But relatively little is known about the appropriate design of contracts,...
Persistent link: https://www.econbiz.de/10010330050
We study the effect of alleviating information asymmetry regarding product quality that is widespread in developing-country agricultural markets. Opportunistic buyers may underreport quality levels back to farmers to reduce the price they have to pay. In response, farmers may curb investment,...
Persistent link: https://www.econbiz.de/10010330053
The promotion of oil palm production as an agribusiness development policy is a major issue in response to the … Agribusiness Venture Arrangement (AVA) mode through the field survey of the cooperatives in the provinces in Mindanao. In …
Persistent link: https://www.econbiz.de/10010333539
the share of land held by an agribusiness in a village affects smallholder plot-level tenure security and investments in … agribusiness significantly increases the probability that a plot has tenure security. Moreover, our results reveal that a decrease …
Persistent link: https://www.econbiz.de/10011688600
with the evolution of the Brazilian agribusiness labor market as a whole. The paper is part of a broader research project … the one hand, although agribusiness generated an increasingly smaller number of jobs within the sector itself, on the … agribusiness, which, through more capital-intensive and labor-saving technologies, has been able to increase its productivity and …
Persistent link: https://www.econbiz.de/10011818851
The urban population growth in developing countries, the middle class expansion and the increase in per capita income have increased the demand for food. This work aims to identify, from the Constant Market Share (CMS) method, the sources of growth of agricultural exports among the main...
Persistent link: https://www.econbiz.de/10011818892