It is well known from the compliance literature that whenever it costly tomonitor agents' compliance to contract terms, compliance is likely to beincomplete. This paper goes one step further by examining the implications ofincomplete monitoring on agent's sales offers in auctions for...

This paper addresses the coordination and innovation issues needed for promoting value added at the rural and regional level. Thereare two sides to value added: the ability to meet consumer demand, and to identify least cost ways of supplying the demanded goods. Humanand social capital plays an...

The ongoing negotiations of the World Trade Organization (WTO) on agriculture has triggered an increased interest in the linkages between commodity production and public goods in agriculture. This paper takes a closer look at this issue. Particular emphasis is placed on production economics and...

paper from plenary session

Technical change at the farm level or changes ininput prices often entail that the firm's supply functionchanges. These changes can take place in numerous ways. Thispaper presents a methodology that increases the consistency insupply responses across various sets of agricultural productsand farm...