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Dynamic Incentives and Agent Discrimination in Broiler Production Tournaments

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  • Porametr Leegomonchai
  • Tomislav Vukina

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.

Suggested Citation

  • 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.
  • Handle: RePEc:bla:jemstr:v:14:y:2005:i:4:p:849-877
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    Citations

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    Cited by:

    1. Dubois, Pierre & Vukina, Tomislav, 2009. "Optimal incentives under moral hazard and heterogeneous agents: Evidence from production contracts data," International Journal of Industrial Organization, Elsevier, vol. 27(4), pages 489-500, July.
    2. Tomislav Vukina & Xiaoyong Zheng, 2007. "Structural Estimation of Rank-Order Tournament Games with Private Information," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(3), pages 651-664.
    3. repec:kap:jeczfn:v:120:y:2017:i:3:d:10.1007_s00712-016-0516-2 is not listed on IDEAS
    4. Wu, Steven Y., 2013. "Adapting Contract Theory to Fit Contract Farming," 2014 Allied Social Science Association (ASSA) Annual Meeting, January 3-5, 2014, Philadelphia, PA 161894, Agricultural and Applied Economics Association.
    5. 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), September.
    6. Zheng, Xiaoyong & Vukina, Tomislav, 2007. "Efficiency gains from organizational innovation: Comparing ordinal and cardinal tournament games in broiler contracts," International Journal of Industrial Organization, Elsevier, vol. 25(4), pages 843-859, August.
    7. 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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