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The nature of the farm : contracts, risk, and organization in agriculture /

The Nature of the Farm 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 (for example, seasonality, weather, pests) plays such a critical role in determining output...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Allen, Douglas W. (Douglas Ward), 1960-
Otros Autores: Lueck, Dean
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Cambridge, Mass. : MIT Press, ©2002.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Allen, Douglas W.  |q (Douglas Ward),  |d 1960- 
245 1 4 |a The nature of the farm :  |b contracts, risk, and organization in agriculture /  |c Douglas W. Allen and Dean Lueck. 
260 |a Cambridge, Mass. :  |b MIT Press,  |c ©2002. 
300 |a 1 online resource (viii, 258 pages) 
336 |a text  |b txt  |2 rdacontent 
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504 |a Includes bibliographical references (pages 243-253) and index. 
588 0 |a Print version record. 
520 |a The Nature of the Farm 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 (for example, seasonality, weather, pests) plays such a critical role in determining output and limiting the ability of farmers to specialize. The book develops specific models and tests the implications of those models against data sets from across North American agriculture, as well as against historical case studies such as eighteenth-century European land contracts and the late nineteenth-century Bonanza farms in the United States. The book is organized in three parts. Part I examines the classic question of what determines the optimal choice between fixed rent and cropshare arrangements, concluding that it is determined by a trade-off between incentives to overuse rented land and incentives to underreport shared output. Part II tests several predictions derived from a standard risk-sharing model of contracts and finds little evidence that risk sharing is important in contract choice. Part III extends the transaction costs analysis to broader organizational issues. It introduces seasonality and timeliness costs as forces influencing the gains from specialization and the costs of contracting, and finds that farm ownership and farm organization are routinely shaped by these forces. 
546 |a English. 
590 |a eBooks on EBSCOhost  |b EBSCO eBook Subscription Academic Collection - Worldwide 
650 0 |a Farm management. 
650 0 |a Agriculture  |x Economic aspects. 
650 0 |a Sharecropping. 
650 0 |a Risk management. 
650 0 |a Agricultural contracts. 
650 6 |a Exploitations agricoles  |x Gestion. 
650 6 |a Agriculture  |x Aspect économique. 
650 6 |a Métayage. 
650 6 |a Gestion du risque. 
650 6 |a Contrats agricoles. 
650 7 |a risk management.  |2 aat 
650 7 |a TECHNOLOGY & ENGINEERING  |x Agriculture  |x Agronomy  |x Crop Science.  |2 bisacsh 
650 7 |a TECHNOLOGY & ENGINEERING  |x Agriculture  |x Agronomy  |x General.  |2 bisacsh 
650 7 |a Agriculture  |x Economic aspects.  |2 fast  |0 (OCoLC)fst00801415 
650 7 |a Agricultural contracts.  |2 fast  |0 (OCoLC)fst00877025 
650 7 |a Farm management.  |2 fast  |0 (OCoLC)fst00921070 
650 7 |a Risk management.  |2 fast  |0 (OCoLC)fst01098164 
650 7 |a Sharecropping.  |2 fast  |0 (OCoLC)fst01115257 
650 1 7 |a Landbouweconomie.  |2 gtt 
650 1 7 |a Organisatiekunde.  |2 gtt 
650 1 7 |a Transactiekosten.  |2 gtt 
650 1 7 |a Risicobeheersing.  |2 gtt 
653 |a ECONOMICS/Environmental Economics 
653 |a ECONOMICS/Industrial Organization 
700 1 |a Lueck, Dean. 
776 0 8 |i Print version:  |a Allen, Douglas W. (Douglas Ward), 1960-  |t Nature of the farm.  |d Cambridge, Mass. : MIT Press, ©2002  |z 0262122537  |w (DLC) 2002075125  |w (OCoLC)50041588 
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