In this article we look for empirical evidence of hold-up in broiler industry production contracts by using the cross-sectional national survey of broiler growers. First, we focus on the problem of under-investment and hypothesize that the degree of agent's (grower's) under-investment...

In this paper we look for empirical evidence of hold-up in the broiler industry by using the cross-sectional national survey of broiler growers. First, we focus on the problem of under-investment and hypothesize that the degree of under-investment is negatively related to the number of...

In this paper we study the productivity-survival link in the U.S. poultry processing industry using the longitudinal data constructed from five Censuses of Manufactures between 1987 and 2007. First, we study the effects of physical productivity and demand-specific factors on plant survival and...

The paper analyses the risk minimizing dual hedge in price and yield futures in the presence of price and yield risks. The results show that a risk minimizing farmer can reduce its variance of revenue by hedging in both markets rather than just using the price futures. The empirical results for...

"The objective of this paper is to test whether broiler processors, after observing their contract growers' abilities in the sequences of repeated short-term contracts, strategically allocate production inputs of varying quality. The strategy can either consist of providing high-ability agents...