Economics at your fingertips  

A Risk Programming Approach for Analysing Contractual Choice in the Presence of Transaction Costs

Andrew Dorward ()

European Review of Agricultural Economics, 1999, vol. 26, issue 4, 479-92

Abstract: A simple conceptual approach is developed that relates choice of utility-maximising contractual arrangements to transaction costs, transformation costs and risk associated with different arrangements. The approach provides a technique for incorporating transaction costs into risk programming models. A simple illustrative target MOTAD model is presented using hypothetical data, and changes in preferred contractual forms are examined as risk preferences, transaction costs and risks are varied. Copyright 1999 by Oxford University Press.

Date: 1999
References: Add references at CitEc
Citations: View citations in EconPapers (10) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

Access Statistics for this article

European Review of Agricultural Economics is currently edited by Christoph Weiss, Thomas Heckelei and Paolo Sckokai

More articles in European Review of Agricultural Economics from Foundation for the European Review of Agricultural Economics Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ( this e-mail address is bad, please contact ) and Christopher F. Baum ().

Page updated 2021-04-03
Handle: RePEc:oup:erevae:v:26:y:1999:i:4:p:479-92