power on the part of landlords faced with output uncertainty. We show that a segmented labor market characterized by tied …

-Expected Utility: What Do the Anomalies Mean for 21 -- Risk in Agriculture? -- David E. Buschena -- 3 Ordering Risky Choices41 … Risk Assessment -- David R. Just -- PART II -- CONCEPTUAL ADAPTATIONS OF RISK MODELS FOR AGRICULTURE -- 6 Dual Approaches … P. Zacharias -- 11 The Econom etrics of Risk213 -- Matthew T. Holt and Jean-Paul Chavas -- 12 Agriculture as a Managed …

-rent contracts in U.S. agriculture. The focus is on the contribution of explanatory variables that represent transaction costs, risk … Survey (AELOS) and finds mixed evidence for low transaction cost and risk-sharing-incentive motives for landlord … risk averse. Although it is standard to control for the riskiness of the principal's task that is contracted, we find that …

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 … be motivated by risk-sharing needs. We investigate the economic rationale for a law pertaining to tenancy in Roman …