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institutions make exchange more difficult and risky. Opportunistic behavior, but also the sheer potential of opportunism, may lead …
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A significant and growing share of US agricultural output is produced under a production or marketing contract. An important controversy regarding agricultural production contracts is the control of non-labor inputs. Over time, contracts have tended to place more inputs under the buyer’s...
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retailer in order to eliminate the opportunism problem. When retailers are privately informed about their (common) marginal …
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