Dynamic Incentives and Agent Discrimination in Broiler Production Tournaments
Abstract"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 with high-quality inputs or providing low-ability agents with high-quality inputs. The first strategy would stimulate the career concerns type of response on the part of the growers, whereas the second strategy would generate a ratchet effect. We test these hypotheses by using the broiler contract production data. The results show no significant input discrimination based on grower abilities that would lead to either career concerns or ratchet effect type of dynamic incentives." Copyright Blackwell Publishing 2005.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Journal of Economics & Management Strategy.
Volume (Year): 14 (2005)
Issue (Month): 4 (December)
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- Dubois, Pierre & Vukina, Tomislav, 2006.
"Optimal Incentives under Moral Hazard and Heterogeneous Agents: Evidence from Production Contracts Data,"
CEPR Discussion Papers
6011, C.E.P.R. Discussion Papers.
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- Atsushi Inoue & Tomislav Vukina, 2006. "Testing for the principal’s monopsony power in agency contracts," Empirical Economics, Springer, vol. 31(3), pages 717-734, September.
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