Picture 1 of 1
Stock photo
Picture 1 of 1
Stock photo
Nature of the Farm : Contracts, Risk, and Organization in Agriculture by Dean Lueck and Douglas W. Allen (2004, Trade Paperback)
Prepbooks (216812)
99.5% positive feedback
Price:
$39.96
Free shipping
Returns:
30 days returns. Buyer pays for return shipping. If you use an eBay shipping label, it will be deducted from your refund amount.
Condition:
Publication Date: 2004-08-20. Number of Pages: 258. Weight: 0.89 lbs. ISBN10: 0262511851. Publisher: MIT Press.
- Buy It NowThe Nature Of The Farm: Contracts, Risk, And Organization In Agriculture
Oops! Looks like we're having trouble connecting to our server.
Refresh your browser window to try again.
About this product
Product Identifiers
PublisherMIT Press
ISBN-100262511851
ISBN-139780262511858
eBay Product ID (ePID)30870290
Product Key Features
Number of Pages268 Pages
Publication NameNature of the Farm : Contracts, Risk, and Organization in Agriculture
LanguageEnglish
SubjectDecision-Making & Problem Solving, Agricultural, Industries / Agribusiness, Economics / General
Publication Year2004
TypeTextbook
Subject AreaLaw, Business & Economics
AuthorDean Lück, Douglas W. Allen
FormatTrade Paperback
Dimensions
Item Height0.6 in
Item Weight14 Oz
Item Length9 in
Item Width6.1 in
Additional Product Features
Intended AudienceScholarly & Professional
LCCN2002-075125
Dewey Edition21
Reviews"A coherent and largely persuasive case for... the transaction cost approach to farmorganization over the principal-agent paradigm." Journal of Economics, "This book is a perfect example of good economics, in which theory and empirical analysis mutually benefit each other and both are grounded in a deep understanding of real practices and institutions. The work is highly original and the scholarship sound." -Benito Arrunada, Professor of Business Organization, Pompeu Fabra University, Barcelona, "A coherent and largely persuasive case for... the transaction cost approach to farm organization over the principal-agent paradigm." Journal of Economics, A coherent and largely persuasive case for...the transaction cost approach to farm organization over the principal-agent paradigm.
TitleLeadingThe
Grade FromCollege Graduate Student
IllustratedYes
Dewey Decimal630/.68
SynopsisA theoretical and empirical study of agricultural contracts and organization based on the transaction cost framework., 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.
LC Classification NumberS561.A543 2004
All listings for this product
Be the first to write a review
