Contractual structure in agriculture

Article Abstract:

A study proposed the use of a generalized double-sided moral hazard framework to develop a unified theory of contract selection in agricultural production. The model allows for the mutual monitoring of each other by landlord and tiller, both of which are generally averse to risk and possess different levels of farming skills and efficiency. The model was used to demonstrate that the optimal contract maximizes productivity, net of risk bearing and agency costs.

Research, Contracts, Landlord and tenant, Landlord-tenant relations, Contracts, Agricultural, Agricultural contracts, Farm tenancy, Tenant farming, Sharecropping

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Bibliography

Article Abstract:

A bibliography of books, articles, reports and studies on Russian political and economic conditions as well as US economic assistance policy to Russia is presented. An abstract is provided for each item in the bibliography.

Russia, Economic development, Economic assistance, Foreign economic assistance, Bibliography

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Baker's tale

Article Abstract:

Hard times being faced these days by most of the retailers are described. The importance of customer service is also discussed.

Retail trade, Customer relations

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