This dissertation explores the nature and scope of vertical coordination in the U.S. beef industry. From the perspective of the incomplete contract theory of the industrial organization literature, this dissertation first provides a theoretical economic explanation for the traditional and...

"The common property ocean fishery is often cited as an example of economic inefficiency in production. The usual recommendation is to restrict entry of fishermen so that 'incomes' of those remaining are improved. Such logic would seem to indicate that the economic theory of common property...