Balancing Grower Protection Against Agency Concerns: An Economic Analysis of Contract Termination Damages
Author
Abstract
Suggested Citation
DOI: 10.22004/ag.econ.42461
Download full text from publisher
Other versions of this item:
- Fan, Maoyong & Lee, Myoungki & Wu, Steven Y., 2004. "Balancing Grower Protection Against Agency Concerns: An Economic Analysis of Contract Termination Damages," 2004 Annual meeting, August 1-4, Denver, CO 20392, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
References listed on IDEAS
- Erkal, Nisvan, 2007.
"Buyer-supplier interaction, asset specificity, and product choice,"
International Journal of Industrial Organization, Elsevier, vol. 25(5), pages 988-1010, October.
- Nisvan Erkal, 2003. "Buyer-Supplier Interaction, Asset Specificity, And Product Choice," Department of Economics - Working Papers Series 885, The University of Melbourne.
- Bebchuk, Lucian Ayre & Shavell, Steven, 1991.
"Information and the Scope of Liability for Breach of Contract: The Rule of Hadley vs. Baxendale,"
The Journal of Law, Economics, and Organization, Oxford University Press, vol. 7(2), pages 284-312, Fall.
- Lucian Arye Bebchuk & Steven Shavell, 1991. "Information and the Scope of Liability for Breach of Contract: The Rule of Hadley V. Baxendale," NBER Working Papers 3696, National Bureau of Economic Research, Inc.
- S. Andrew Starbird, 2005. "Moral Hazard, Inspection Policy, and Food Safety," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 87(1), pages 15-27.
- James Andreoni & William Harbaugh & Lise Vesterlund, 2003.
"The Carrot or the Stick: Rewards, Punishments, and Cooperation,"
American Economic Review, American Economic Association, vol. 93(3), pages 893-902, June.
- James Andreoni & William T. harbaugh & Lise Vesterlund, 2002. "The Carrot or the Stick: Rewards, Punishments, and Cooperation," University of Oregon Economics Department Working Papers 2002-01, University of Oregon Economics Department, revised 20 Aug 2002.
- MacDonald, James M. & Perry, Janet E. & Ahearn, Mary Clare & Banker, David E. & Chambers, William & Dimitri, Carolyn & Key, Nigel D. & Nelson, Kenneth E. & Southard, Leland W., 2004. "Contracts, Markets, and Prices: Organizing the Production and Use of Agricultural Commodities," Agricultural Economic Reports 34013, United States Department of Agriculture, Economic Research Service.
- Lewin-Solomons, S., 2000. "Asset Specificity and Hold-up in Franchising and Grower Contracts: A Theoretical Rationale for Government Regulation?," Cambridge Working Papers in Economics 0013, Faculty of Economics, University of Cambridge.
- Theofanis Tsoulouhas & Tomislav Vukina, 2001.
"Regulating Broiler Contracts: Tournaments Versus Fixed Performance Standards,"
American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(4), pages 1062-1073.
- Tsoulouhas, Theofanis & Vukina, Tomislav, 2000. "Regulating Broiler Contracts: Tournaments Versus Fixed Performance Standards," 2000 Annual meeting, July 30-August 2, Tampa, FL 21833, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Armando Levy & Tomislav Vukina, 2004. "The League Composition Effect in Tournaments with Heterogeneous Players: An Empirical Analysis of Broiler Contracts," Journal of Labor Economics, University of Chicago Press, vol. 22(2), pages 353-378, April.
- Roe, Brian E. & Wu, Steven Y., 2003. "The Welfare Effects Of Banning Tournaments When Commitment Is Impossible: Some Results From The Broiler Sector," 2003 Annual meeting, July 27-30, Montreal, Canada 22151, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Wu, Steven Y., 2013. "Adapting Contract Theory to Fit Contract Farming," 2014 Allied Social Sciences Association (ASSA) Annual Meeting, January 3-5, 2014, Philadelphia, PA 161894, Agricultural and Applied Economics Association.
- Cordero Salas, Paula, 2016. "Relational Contracts and Product Quality: The Effect of Bargaining Power on Efficiency and Distribution," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 41(3), pages 1-19.
- Steven Y. Wu, 2014. "Adapting Contract Theory to Fit Contract Farming," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 96(5), pages 1241-1256.
- Salas, Paula Cordero, 2012. "Does Contract Enforcement Limit the Distribution of Bargaining Power? An Experimental Study," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124503, Agricultural and Applied Economics Association.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Rachael Goodhue & Leo Simon, 2016. "Agricultural contracts, adverse selection, and multiple inputs," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 4(1), pages 1-33, December.
- Marinakis, Kosmas & Tsoulouhas, Theofanis, 2013.
"Are tournaments optimal over piece rates under limited liability for the principal?,"
International Journal of Industrial Organization, Elsevier, vol. 31(3), pages 223-237.
- Kosmas Marinakis & Theofanis Tsoulouhas, 2006. "Are Tournaments Optimal over Piece Rates under Limited Liability for the Principal?," Working Paper Series 009, North Carolina State University, Department of Economics, revised Sep 2006.
- Wang, Yanguo & Jaenicke, Edward C., 2005.
"Pooling, Separating, and Cream-Skimming In Relative-Performance Contracts,"
2005 International Congress, August 23-27, 2005, Copenhagen, Denmark
24639, European Association of Agricultural Economists.
- Wang, Yanguo & Jaenicke, Edward C., 2005. "Pooling, Separating, and Cream-Skimming In Relative-Performance Contracts," 2005 Annual meeting, July 24-27, Providence, RI 19522, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Fares, M'hand & Orozco, Luis, 2014.
"Tournament Mechanism in Wine-Grape Contracts: Evidence from a French Wine Cooperative,"
Journal of Wine Economics, Cambridge University Press, vol. 9(3), pages 320-345, December.
- M'Hand Fares & Luis Orozco, 2014. "Tournament Mechanism in Wine-Grape Contracts: Evidence from a French Wine Cooperative," Post-Print hal-01093245, HAL.
- Porametr Leegomonchai & Tomislav Vukina, 2005. "Dynamic Incentives and Agent Discrimination in Broiler Production Tournaments," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 14(4), pages 849-877, December.
- Wu, Steven Y. & Roe, Brian E., 2004. "Tournaments, Risk Perceptions, And Fairness," 2004 Annual meeting, August 1-4, Denver, CO 20154, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Zhen Wang & Tomislav Vukina, 2017. "Welfare effects of payment truncation in piece rate tournaments," Journal of Economics, Springer, vol. 120(3), pages 219-249, April.
- Hammond, Robert G. & Zheng, Xiaoyong, 2013. "Heterogeneity in tournaments with incomplete information: An experimental analysis," International Journal of Industrial Organization, Elsevier, vol. 31(3), pages 248-260.
- Theofanis Tsoulouhas, 2017. "Do tournaments solve the adverse selection problem?," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 26(3), pages 675-690, September.
- Liang, Jing & Jensen, Helen H., 2008. "Marketing Agreement, Food Safety and Contract Design," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6434, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Nadolnyak, Denis A. & Fletcher, Stanley M. & Revoredo-Giha, Cesar, 2005. "Can Rank-Order Tournaments Improve Efficiency of Quality Differentiated Crop Markets Under Marketing Loan Program Operation? The Case of U.S. Peanuts," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24703, European Association of Agricultural Economists.
- Roe, Brian E. & Wu, Steven Y., 2003. "The Welfare Effects Of Banning Tournaments When Commitment Is Impossible: Some Results From The Broiler Sector," 2003 Annual meeting, July 27-30, Montreal, Canada 22151, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Wu, Steven Y. & Roe, Brian E., 2003. "Performance And Welfare Effects Of Tournament Contracts: Some Experimental Evidence," 2003 Annual meeting, July 27-30, Montreal, Canada 21938, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Wu, Steven Y. & Nazaryan, Natalie & Roe, Brian E. & Sporleder, Thomas L., 2004. "Behavioral and Welfare Effects of Tournaments and Fixed Performance Standard Contracts with Heterogeneous Agents: Some Experimental Evidence," 2004 Annual meeting, August 1-4, Denver, CO 20103, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Surajeet Chakravarty & W. Bentley MacLeod, 2006.
"Construction Contracts (or “How to Get the Right Building at the Right Price?”),"
CESifo Working Paper Series
1714, CESifo.
- Chakravarty, Surajeet & MacLeod, W. Bentley, 2006. "Construction Contracts (or: "How to Get the Right Building at the Right Price?")," IZA Discussion Papers 2125, Institute of Labor Economics (IZA).
- Elena Cettolin & Arno Riedl, 2011.
"Partial Coercion, Conditional Cooperation, and Self-Commitment in Voluntary Contributions to Public Goods,"
CESifo Working Paper Series
3556, CESifo.
- Cettolin, E. & Riedl, A.M., 2011. "Partial coercion, conditional cooperation, and self-commitment in voluntary contributions to public goods," Research Memorandum 041, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Jun Guan Neoh & Maxwell Chipulu & Alasdair Marshall, 2017. "What encourages people to carpool? An evaluation of factors with meta-analysis," Transportation, Springer, vol. 44(2), pages 423-447, March.
- Richard Craswell, 2003. "Kaplow and Shavell on the Substance of Fairness," The Journal of Legal Studies, University of Chicago Press, vol. 32(1), pages 245-275, January.
- Fraser, Iain, 2005.
"Microeconometric analysis of wine grape supply contracts in Australia,"
Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 49(1), pages 1-24.
- Iain Fraser, 2005. "Microeconometric analysis of wine grape supply contracts in Australia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 49(1), pages 23-46, March.
- Gyrd-Hansen, Dorte & Kjær, Trine & Nielsen, Jytte Seested, 2016. "The value of mortality risk reductions. Pure altruism - a confounder?," DaCHE discussion papers 2016:5, University of Southern Denmark, Dache - Danish Centre for Health Economics.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:jlaare:42461. See general information about how to correct material in RePEc.
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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/waeaaea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.