The twin problems of moral hazard and adverse selection are often blamed for the lack of insurance for many fruits and vegetables. This paper develops an alternative method of testing for adverse selection that uses a two-stage approach to determine the effects of technical inefficiency on the...

The proliferation of regional integration agreements (RIAs) over the past several years has led to significant changes in the global configuration of trade and investment activity. Multinational enterprises now face the prospect of multilateral trade liberalisation that could significantly...

The number of operating wineries in the United States has doubled during thepast decade. Most of this growth has been due to a large number of entrepreneuriallandowners developing their own small acreage vineyards and trying tobranch into winemaking. However, wineries are capital-intensive...

The increasing use of agricultural contracts and processor concentration raises concerns that processors may offer lower contract prices in absence of local competition. This study examines the price competitiveness of marketing and production contracts depending on the availability of...

Periodically, events occur in the domestic and global economies that remind agriculturaleconomists that macroeconomics matter. This was evident in the early 1980s when theFederal Reserve responded to double-digit inflation by driving interest rates to post–World War II period highs. The Asian...

The prevalence of non-monetary transactions (NMT) in the Ukrainian economyis a phenomenon attributable to its transition to a market system. Major types ofNMT are barter transactions, offsets and payment in kind. Non-monetary transactionsare widespread in agriculture.The aim of this research is...

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De forma geral, as pessoas físicas e jurídicas devem decidir onde investir sua renda, de acordo com o risco e com o retorno esperado de cada alternativa de investimento disponível. Assim sendo, o investidor que decide empregar seus recursos financeiros na atividade produtiva deverá fazer uma...

O Brasil figura entre os países com maior nível de disparidade de renda do mundo. Fato esse que justifica a vasta literatura sobre os determinantes da renda na economia brasileira. Essa literatura aponta que, dentre os determinantes desta disparidade, além de fatores como o mercado de...

This research considers default among borrowers of Esperanza International, a microfinance institution in the Dominican Republic. Though Esperanza holds high repayment rates, it is of value to examine the 3 to 5 percent of clients that have not had success with the program. If success is defined...