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The Nature of the Farm: Contracts, Risk, and Organization in Agriculture (MIT Press)

Douglas W. Allen, Dean Lueck




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 | #3947174 in Books |  2004-08-20 | Original language:English | PDF # 1 |  9.00 x.60 x7.00l,.89 | File type: PDF | 266 pages

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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 ...

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