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| Title: | CONTRACTING STRATEGIES FOR EU TRACEABILITY REQUIREMENTS |
| Authors: | Wilson, William W.
Dahl, Bruce L. |
| Authors (Email): | Wilson, William W. (bwilson@ndsuext.nodak.edu)
Dahl, Bruce L. (bdahl@ndsuext.nodak.edu) |
| Keywords: | Traceability
Principal-Agent
Contracting
Genetically Modified
Wheat
European Union |
| Issue Date: | 2006 |
| Series/Report no.: | Agribusiness & Applied Economics Report No. 577 |
| Abstract: | A principal-agent problem was specified to define the equilibrium solution of a contracting strategy for a U.S. supplier exporting wheat to meet EU traceability requirements. The buyer (principal) offers a contract, the supplier (agent) accepts the contract, and then the supplier decides whether to offer a contract to the farmer. Nature at each level of the supply chain represents uncertainty due to adventitious commingling and imperfect information. Results indicate farmers would require 9 c/bu and suppliers 8 c/bu to induce their participation in the contracting strategy. |
| URI: | http://purl.umn.edu/23535 |
| Institution/Association: | North Dakota State University>Department of Agribusiness and Applied Economics>Agribusiness & Applied Economics Report |
| Total Pages: | 22 |
| Language: | English |
| Collections: | Agribusiness & Applied Economics Report
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