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Using a model based on a tradeoff between moral hazard incentives and gains from specialization, this paper explains why farming has generally not converted from small, family-based firms into large, factory-style corporate firms. Nature is both seasonal and random, and the interplay of these...
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to appear in the leading agricultural economics journals. Although the introduction of organizational economic theory has … contracts as data for these studies, a more holistic theory of economic sectors as systems rather than series of discrete blocks … rapidly. In this paper, we argue the importance and value of these features to advance both theory and empirical research, and …
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economics applied to food, agribusiness, and agriculture …
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Bank specialization leads to expertise, including knowledge on zombie borrowers and the negative impact they exert on healthy borrowers. This induces specialized banks to reduce zombie lending. The reduction in zombie lending is larger when the scope and opportunity cost of negative spillovers...
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The paper presents competitiveness and efficiency of the Polish fruit farms against similar farms from selected European Union countries. The analysis covered farms specialising in fruit trees and bushes covered by FADN monitoring in 2007-2009 and 2011-2013. Competitiveness of the researched...
Persistent link: https://www.econbiz.de/10012954265