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Quality Measurement And Contract Design: An Example From Agriculture

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  • Hueth, Brent
  • Melkonyan, Tigran A.

Abstract

We examine agricultural contracting parties' incentives to employ quality measurement. Quality measurement will be used if on-farm production of ``quality'' is sufficiently cheap, and quality measurement sufficiently informative. We qualitatively test these predictions with empirical observation across fresh and processed commodities, and across regions for a single commodity.

Suggested Citation

  • Hueth, Brent & Melkonyan, Tigran A., 2001. "Quality Measurement And Contract Design: An Example From Agriculture," 2001 Annual meeting, August 5-8, Chicago, IL 20583, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea01:20583
    DOI: 10.22004/ag.econ.20583
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    References listed on IDEAS

    as
    1. Holmstrom, Bengt & Milgrom, Paul, 1991. "Multitask Principal-Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 7(0), pages 24-52, Special I.
    2. Canice Prendergast, 1999. "The Provision of Incentives in Firms," Journal of Economic Literature, American Economic Association, vol. 37(1), pages 7-63, March.
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    Cited by:

    1. Mussell, Al, 2003. "PRICE DISCOVERY MECHANISMS AND ALTERNATIVES FOR CANADIAN AGRICULTURE; Part II: A Review of Pricing Mechanisms from the Economic Literature," Miscellaneous Publications 18100, George Morris Center.

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    Keywords

    Farm Management;

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