Purpose – The purpose of this paper is to present a simple model to demonstrate how a trade‐off between incomplete contract distortions and excessive governance costs determine an agricultural firm's organizational choices. Design/methodology/approach – In this paper, it is argued that the...

Purpose – The purpose of this paper is to examine how nutritional concerns, luxurious tastes, and the value of time affect time allocation decisions for food preparation. Design/methodology/approach – A time allocation model is developed and tested with Tobit and Heckman's sample selection...