derive the optimal contract for both experimentation and production when the agent has private information about his … asymmetric information is endogenously determined by the length of the experimentation stage. An optimal contract uses the length …

payoff from the contract. Results from our lab experiment in Ghana indicate that overconfident agents, i.e., agents with …Contract compliance is key for economic growth. However, determinants affecting contract breach are not yet well … understood. In this paper, we focus on contract situations with a potential hold-up problem, such as contract farming agreements …

. We study the role of trust, risk and time preferences for farmers' contract choices in a discrete choice experiment among … contract attributes. Especially trust has economically important effects on the willingness to pay for transparent quality … diversification of contract offers might increase the willingness of farmers to participate in contract farming. This has implications …