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2006-05-10
英文文献:Quality Measurement And Risk-Sharing In Contracts For California Fruits And Vegetables
英文文献作者:Hueth, Brent,Ligon, Ethan
英文文献摘要:
We hypothesize that imperfect quality measurement in contracts for fresh fruits and vegetables results in a moral-hazard problem, and that the final price of the produce provides additional information regarding quality. As a consequence, growers are not shielded from all price risk. This hypothesis is tested informally with observations on actual contracts in California.
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