A RISK PROGRAMMING APPROACH TO DESIGNING CONTRACTS TO REDUCE NITRATE LEACHING

As contractual agriculture expands, contract design offers a non-regulatory opportunity to reduce non-point source pollution. A risk programming analysis of seed corn contract designs illustrates a tractable empirical principal-agent model, and shows that grower risk preferences affect contract acceptability and efficiency at reducing nitrate leaching.


Issue Date:
1997
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/11594
Total Pages:
15
Series Statement:
Staff Paper 97-14




 Record created 2017-04-01, last modified 2017-08-23

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