Advanced Search
MyIDEAS: Login to save this paper or follow this series

Understanding Production Contracts: Testing An Agency Theory Model


Author Info

  • Goodhue, Rachael E.
  • Rausser, Gordon C.
  • Simon, Leo K.


Production contracts are increasingly important in American agriculture. Unfortunately, little is known about the fundamental forces governing their adoption and design. In order to better-understand the underlying incentives, we construct and test an agency-theoretic model of broiler production contracts. We discuss the analysis' implications for industry participants and government policy.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL:
Download Restriction: no

Bibliographic Info

Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 1998 Annual meeting, August 2-5, Salt Lake City, UT with number 20946.

as in new window
Date of creation: 1998
Date of revision:
Handle: RePEc:ags:aaea98:20946

Contact details of provider:
Postal: 555 East Wells Street, Suite 1100, Milwaukee, Wisconsin 53202
Phone: (414) 918-3190
Fax: (414) 276-3349
Web page:
More information through EDIRC

Related research

Keywords: Industrial Organization; Livestock Production/Industries;


References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Benjamin E. Hermalin and Nancy E. Wallace., 1992. "The Determinants of Efficiency and Solvency in Savings and Loans," Economics Working Papers, University of California at Berkeley 92-195, University of California at Berkeley.
  2. Knoeber, Charles R & Thurman, Walter N, 1994. "Testing the Theory of Tournaments: An Empirical Analysis of Broiler Production," Journal of Labor Economics, University of Chicago Press, University of Chicago Press, vol. 12(2), pages 155-79, April.
  3. Tiffin, Richard & Renwick, Alan, 1996. "Estimates of Production Response in the UK Cereal Sector Using Nonparametric Methods," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 23(2), pages 179-94.
  4. Tauer, Loren W., 1994. "Do New York Dairy Farmers Maximize Profits?," Staff Papers, Cornell University, Department of Applied Economics and Management 121318, Cornell University, Department of Applied Economics and Management.
  5. Knoeber, Charles R, 1989. "A Real Game of Chicken: Contracts, Tournaments, and the Production of Broilers," Journal of Law, Economics and Organization, Oxford University Press, Oxford University Press, vol. 5(2), pages 271-92, Fall.
Full references (including those not matched with items on IDEAS)


Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Patterson, Paul M. & Richards, Timothy J., 2001. "Retail Contracting And Grower Prices," 2001 Annual meeting, August 5-8, Chicago, IL 20534, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  2. Darren Hudson, 2004. "Cross-Commodity Perspective on Contracting: Evidence from Mississippi," Industrial Organization, EconWPA 0412005, EconWPA.
  3. Thomsen, Michael R. & Goodwin, Harold L., Jr. & Rodriquez, Angela, 2004. "The Sky Is Falling: An Examination Of Broiler Contract Design And Grower Revenues," 2004 Annual meeting, August 1-4, Denver, CO 20418, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  4. Granoszewski, Karol & Spiller, Achim, 2013. "Vertragliche Zusammenarbeit bei der energetischen Biomasselieferung: Einstellungen und Bindungsbereitschaften von deutschen Landwirten," 53rd Annual Conference, Berlin, Germany, September 25-27, 2013 156131, German Association of Agricultural Economists (GEWISOLA).


This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


Access and download statistics


When requesting a correction, please mention this item's handle: RePEc:ags:aaea98:20946. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.