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Reputations, relationships and the enforcement of incomplete contracts

MacLeod, W. Bentley - 2006

incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or …

Persistent link: https://www.econbiz.de/10010267674

Male vs. female business owners: Are there differences in investment behavior?

Pelger, Ines - 2011

This paper analyzes gender differences in the investment activity of German small and medium sized enterprises (SMEs … if they invest, then their average investment rate is lower. These differences cannot entirely be explained by firm or … owner characteristics. Furthermore, women’s investment is less sensitive to cash flow, which indicates that it is unlikely …

Persistent link: https://www.econbiz.de/10010427612

Investment, uncertainty and irreversibility: evidence from belgian accounting data

Cassimon, Danny; Engelen, Peter-Jan; Meersman, Hilde; … - 2002

This paper investigates the effects of uncertainty on the investment behaviour using firm-level data for a sample of … invested. Furthermore, the difference between reversible and irreversible investment is crucial. The impact of volatility on … irreversible investment is far more larger than on reversible investment. In some cases, the amount of reversible investment will …

Persistent link: https://www.econbiz.de/10011506545

Do farmers care about rented land? A multi-method study on land tenure and soil conservation

Leonhardt, Heidi; Salhofer, Klaus; Penker, Marianne - 2018

Does ownership status of agricultural land determine farmers' soil use behaviour? Why (not)? We investigate this old question using multiple methods and data. We apply econometric analysis to plot-level data to determine whether planting decisions differ between rented and owned plots. In...

Persistent link: https://www.econbiz.de/10012149954

Why do farmers care about rented land?

Leonhardt, Heidi; Braito, Michael; Penker, Marianne - 2019

explanatory factors such as contract details, landlord-tenant relationships, and plot characteristics and find that these are …

Persistent link: https://www.econbiz.de/10012149962

Preservation of Agricultural Soils with Endogenous Stochastic Degradation

Bretschger, Lucas; Vinogradova, Alexandra - 2016

Soils are often subject to environmental shocks which are caused by negative extern- alities linked to overexploitation. We present a stochastic model of a dynamic agricultural economy where natural disasters are sizeable, multiple, and random. Expansion of agricultural activities raises...

Persistent link: https://www.econbiz.de/10011753296

Estructura de empresa y adopción de tecnología: Conservación de suelos

Gallacher, Marcos - 2004

Continued growth of agricultural output requires maintenance of the productive capacity of land through time. This paper analizes the linkages between firm size, land tenure and adoption of a soil conservation practice (no-tillage technology). Representative microeconomic data of the principal...

Persistent link: https://www.econbiz.de/10010323272

Testing out contractual incompleteness : evidence from soccer

Carbonell-Nicolau, Oriol; Comin, Diego - 2005

The theory of incomplete contracting is rival to that of complete contracting as a frame of reference to understand contractual relationships. Both approaches rest upon diametrically opposed postulates and lead to very different policy conclusions. From a theoretical viewpoint, scrutiny of the...

Persistent link: https://www.econbiz.de/10010263264

Incomplete Contract and Divisional Structures

Bao, Te; Wang, Yongqin - 2009

incomplete contract theory. We use the framework of Aghionand Tirole (1997) and define the managerial control structure as …

Persistent link: https://www.econbiz.de/10010325682

Incomplete contracts and the impact of globalization on consumer welfare

Defever, Fabrice - 2011

We embed a North-South trade model into an incomplete contracts setting where the production of heterogeneous firms can be geographically separated. When a Northern headquarter contracts with a Southern supplier instead of a Northern supplier, the presence of international incomplete contracts...

Persistent link: https://www.econbiz.de/10010274807