Previous analysis of pollution presumes separation between pollutees and polluters. In the model developed here, all possible combinations of housing and industry locations are allowed. In the resulting world of nonconvexities and multiple local optimum, Pigouvian taxes are generally...

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Recent theoretical work on agricultural contracts has utilized agency theory. Most of this work considers a moral hazard problem, and assumes that producers are homogeneous, so that there is no adverse selection problem. We utilize a sample of producer performance under a broiler production...