possible outcomes, a flexible contract allows for future adaptation but is associated with ex post haggling cost. By specifying … a single outcome, a rigid contract eliminates future disagreement but precludes beneficial adjustments to the occurring … less egalitarian ones. -- foreign direct investment ; cross-country cultural differences ; egalitarianism ; risk …

to which the reform advances sound and sustainable agriculture and provides incentives for marketorientated farming … Förderung einer nachhaltigen und marktorientierten Landwirtschaft durch die GAP-Reform bewertet. Die Untersuchung basiert auf …