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Cross-Commodity Perspective On Contracting: Evidence From Mississippi

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Author Info
Hudson, Darren

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Abstract

This analysis presents the results of a survey of agricultural producers in Mississippi regarding their use of contracting. The study focuses on cross-commodity differences in contracting and the variable underlying contracting. Logistic regression models are used to examine the impacts of variables coming from transactions cost economics and risk on contracting decisions. Support is found for the effects of transactions cost, but price risk is not found to be an important determinant of contracting decisions.

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File URL: http://purl.umn.edu/15800
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Publisher Info
Paper provided by Mississippi State University, Department of Agricultural Economics in its series Research reports with number 15800.

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Date of creation: 2001
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Handle: RePEc:ags:missrr:15800

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Postal: Box 9755, Mississippi State, MS 39762-9755
Phone: (601) 325-2750
Fax: (601) 325-8777
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Web page: http://www.agecon.msstate.edu/
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Keywords: Farm Management;

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References listed on IDEAS
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  1. Johnson, C. Scott & Foster, Kenneth A., 1994. "Risk Preferences And Contracting In The U.S. Hog Industry," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 26(02), December. [Downloadable!]
  2. Oliver E. Williamson, 2000. "The New Institutional Economics: Taking Stock, Looking Ahead," Journal of Economic Literature, American Economic Association, vol. 38(3), pages 595-613, September. [Downloadable!] (restricted)
  3. Stiglitz, Joseph E, 1974. "Incentives and Risk Sharing in Sharecropping," Review of Economic Studies, Blackwell Publishing, vol. 41(2), pages 219-55, April. [Downloadable!] (restricted)
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  4. Goodhue, Rachael E. & Rausser, Gordon C. & Simon, Leo K., 1998. "Understanding Production Contracts: Testing An Agency Theory Model," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20946, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  5. Martin, Laura L., 1997. "Production Contracts, Risk Shifting, And Relative Performance Payments In The Pork Industry," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 29(02), December. [Downloadable!]
  6. Allen, Douglas W & Lueck, Dean, 1995. "Risk Preferences and the Economics of Contracts," American Economic Review, American Economic Association, vol. 85(2), pages 447-51, May. [Downloadable!] (restricted)
  7. Drabenstott, Mark, 1995. "Agricultural Industrialization: Implications For Economic Development And Public Policy," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 27(01), July. [Downloadable!]
  8. Joskow, Paul L, 1987. "Contract Duration and Relationship-Specific Investments: Empirical Evidence from Coal Markets," American Economic Review, American Economic Association, vol. 77(1), pages 168-85, March. [Downloadable!] (restricted)
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