Ten rules of thumb in contract design: lessons from Danish agriculture

被引:49
作者
Bogetoft, P [1 ]
Olesen, HB [1 ]
机构
[1] Royal Vet & Agr Univ, Dept Econ & Nat Resources, DK-1958 Frederiksberg C, Denmark
关键词
contract design; contract theory; agricultural producer; food processor; Denmark;
D O I
10.1093/eurrag/29.2.185
中图分类号
F3 [农业经济];
学科分类号
0202 ; 020205 ; 1203 ;
摘要
Real contracts balance a number of conflicting objectives that characterise the contracting situation. Contract theory provides useful insights but the formal models used in theoretical analysis tend to focus on a few effects in stylised environments. The risk of a partial approach is that while improving one aspect of a contract, new and more serious problems may arise in other respects. Practical, theory-based contract design can therefore benefit from a more holistic, systemic approach. In this paper, we offer a checklist that can support such an approach. The checklist combines theory with experiences from Danish agricultural contracts.
引用
收藏
页码:185 / 204
页数:20
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