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industry. A fixed-price contract is ex-ante efficient but renegotiation-proof for a limited range of discount parameters. A … perfectly- indexed contract is both renegotiation-proof and ex-post efficient. Provided long-run land prices are stationary, the …
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Predator control cost-share contracts among livestock producers in North America date back to 1630. A model is developed which provides refutable implications for the structure and distribution of these contracts over time and space. Historical and contemporary state and county level data on...
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agent of entering the contract. This yields an optimal contract that is linearized by way of an Nth order Taylor …
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