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maize. However, with respect to their own farms, farmers prefer to maintain their status-quo instead of choosing a contract …. Findings also indicate that risk-averse farmers are more likely to contract sugar beets as a biogas substrate than less risk …-averse farmers resulting in a lower price demand. However risk-averse farmers prefer short contract periods and a small share of …
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contract framing effect in either condition: effort provision is statistically indistinguishable under bonus and penalty …
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experiment, we study behavior in a contract farming game without third-party enforcement but with an external spot market as … outside option. Two players, farmer and company, may conclude a contract but also breach it by side-selling or arbitrary …-order enforcement. Moreover, we investigate whether company players offer price premiums to extend the contract’s self-enforcing range …
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