Nature of the Farm Contracts, Risk, and Organization in Agriculture

Name: Nature of the Farm Contracts, Risk, and Organization in Agriculture
Price: 25.07 USD
Availability: InStock
ISBN: 9780262511858

ISBN-10: 0262511851

ISBN-13: 9780262511858

Edition: 2004

Authors: Douglas W. Allen, Dean Lueck

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Description:

This is a theoretical and empirical study of contracts and organization in agriculture based on the transaction cost framework. Transaction costs are important in agriculture because nature plays such a critical role in determining output and limiting the ability of the farmers to specialize.

Book details

List price: $30.00
Copyright year: 2004
Publisher: MIT Press
Publication date: 8/20/2004
Binding: Paperback
Pages: 268
Size: 6.06" wide x 9.02" long x 0.58" tall
Weight: 0.880
Language: English

Douglas W. Allen is Endowed University Professor in the Department of Economics at Simon Fraser University.

Dean Lueck is Cardon Professor of Agricultural and Resource Economics at the University of Arizona.



Preface



Introduction



Farming in North America



Contracts and the Transaction Cost Framework



The Simplicity of Agricultural Contracts



Choosing between Cropshare and Cash Rent Contracts



Sharing Inputs and Outputs



Risk Sharing as an Alternative Framework



Risk Sharing and the Choice of Contract



Ratchet Effects in Agricultural Contracts



Extending the Framework: Farm Organization



Ownership versus Contracting for the Control of Assets



Farm Organization and Vertical Control



Conclusion



Data



Mathematical


Notes


References


Index