EconPapers    
Economics at your fingertips  
 

Balancing Grower Protection Against Agency Concerns: An Economic Analysis of Contract Termination Damages

Maoyong Fan (), Myoungki Lee and Steven Wu ()

No 20392, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Using a dynamic principal-agent model, we analyze termination damages that protect growers from contract termination or non-renewal. We show that government imposed breach damages can be distortionary and may not necessarily lead to increased grower welfare.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Pages: 22
Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/20392/files/sp04fa07.pdf (application/pdf)

Related works:
Journal Article: Balancing Grower Protection Against Agency Concerns: An Economic Analysis of Contract Termination Damages (2008) Downloads
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: https://EconPapers.repec.org/RePEc:ags:aaea04:20392

DOI: 10.22004/ag.econ.20392

Access Statistics for this paper

More papers in 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().

 
Page updated 2025-03-19
Handle: RePEc:ags:aaea04:20392