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We analyze the problem of asymmetric information between buyers and sellers in cattle auctions, using the problem of revaccinations as the point of departure. We present a simple model to show that if buyers do not know and cannot verify whether sellers have vaccinated their animals, then they...
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1. Introduction to the handbook on the human impact of agriculture / Harvey S. James, Jr. -- Part I. Impacts of agricultural institutions and organizations -- 2. How farm consolidation affects farmers and farmworkers / James M. MacDonald -- 3. The real game of chicken: The tournament, broiler...
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