Dorward, A (1999) A risk programming approach for analysing contractual choice in the presence of transaction costs. European Review of Agricultural Economics, 26 (4). pp. 479-492.
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Abstract
A simple conceptual approach is developed that relates choice of utility-maximising contractual arrangements to transaction costs, transformation costs and risk associated with different arrangements. The approach provides a technique for incorporating transaction costs into risk programming models. A simple illustrative target MOTAD model is presented using hypothetical data, and changes in preferred contractual forms are examined as risk preferences, transaction costs and risks are varied
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | NIE, transaction costs, risk contractual, choice, target MOTAD |
| Author Affiliation: | Wye College, University of London, Ashford, UK |
| Subjects: | Agricultural Engineering |
| Divisions: | General |
| Depositing User: | Ms K Syamalamba |
| Date Deposited: | 20 Jun 2012 04:52 |
| Last Modified: | 20 Jun 2012 08:09 |
| Official URL: | http://erae.oxfordjournals.org/content/26/4/479.ab... |
| URI: | http://eprints.icrisat.ac.in/id/eprint/6111 |
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