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The Nature Of The Farm Contracts Risk And Organization In Agriculture Mit Press PDF, ePub eBook

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BOOK SUMMARY :

The nature of the farm contracts risk and organization in agriculture paperback or softback allen douglas wthe nature of the farm contracts risk and organization in agriculture mit press by douglas w allen 2004 08 20 douglas w allendean lueck on amazoncom free shipping on qualifying offersthe 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 specializesharecropping is a form of agriculture in which a landowner allows a tenant to use the land in return for a share of the crops produced on their portion of land sharecropping has a long history and there are a wide range of different situations and types of agreements that have used a form of the systeman agency cost is an economic concept concerning the fee to a principal an organization person or group of persons when the principal chooses or hires an agent to act on its behalfbecause the two parties have different interests and the agent has more information the principal cannot directly ensure that its agent is always acting in its the principals best interests

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