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Two policy goals dominate United States' agricultural programs: voluntary land retirement for environmental purposes and countercyclical income support. Traditionally, these goals have been pursued with separate policies. This policy separation is efficient with perfect information regarding...
Persistent link: https://www.econbiz.de/10009450568
In this dissertation, a state-contingent, principal-agent model is developed to examine the institution of input provision by a corporate firm that contracts with agents for the production of a given commodity. "Input provision" entails not only the provision and delivery of key inputs by the...
Persistent link: https://www.econbiz.de/10009450808