, but there is limited understanding about the determinants of contract duration in developed countries. In this research … legal status, price and non-price conditions in influencing the contract duration. Results indicate that the legal status of …

In many contracts that deal with the division of future quantities, there is a tension between risk-sharing aspects and …, particularly moral hazard. In this paper, we point out that risk-sharing is, nevertheless, a very important part of such contracts …. Furthermore, contract characteristics that seem to be motivated by moral hazard considerations may sometimes turn out to actually …

percent in 2001, and a substantial increase over 28 percent in 1991 and 11 percent in 1969. However, aggregate contract use … in a package of risk management tools available to farmers. Production contracts are used widely in livestock production …