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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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