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OPPOSITION TO CONTRACT PRODUCTION: SELF-SELECTION, STATUS, AND STRANDED ASSETS
David Skully
No 21012, 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Abstract:
Production contract tournaments induce self-selection among producers. Self-selection for pork differs from broiler production resulting in a predictably different political response by incumbent producers to contract innovation. The higher capital and status of incumbent pork producers than poultry producers account for much of the difference.
Keywords: Industrial Organization ; Labor and Human Capital ; Livestock Production/Industries ; J41 Contracts ; Specific Human Capital ; J43 Agricultural Labor Markets ; L22 Firm Organization ; Markets vs. Hierarchies (search for similar items in EconPapers)
Date: 1998
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