000168930 001__ 168930
000168930 005__ 20210819131408.0
000168930 0247_ $$2doi$$a10.22004/ag.econ.168930
000168930 037__ $$a329-2016-12980
000168930 041__ $$aeng
000168930 084__ $$aQ12
000168930 084__ $$aQ13
000168930 084__ $$aL14
000168930 245__ $$aThe Role of Risk and Risk-Aversion in Adoption of Alternative Marketing Arrangements by the U.S. Farmers
000168930 260__ $$c2014
000168930 269__ $$a2014
000168930 300__ $$a31
000168930 336__ $$aConference Paper/ Presentation
000168930 520__ $$aAbstract
The objective of this paper is to analyze the relationship between farmers’ risk-aversions and the riskiness of various agricultural enterprises to see which marketing arrangements would typically emerge.  Relying on the basic agency theory model we hypothesize the prevalence of alternative marketing arrangements (AMAs) in situations with high-risk averse farmers and high-risk enterprises and the prevalence of spot (cash) markets for low risk-averse participants and less risky enterprises.  Our empirical tests are carried out using the 2004 Agricultural Resource Management Survey (ARMS).  The empirical results are largely supportive of the agency theory of contract choice.
000168930 546__ $$aEnglish
000168930 650__ $$aAgribusiness
000168930 650__ $$aIndustrial Organization
000168930 650__ $$aMarketing
000168930 650__ $$aRisk and Uncertainty
000168930 6531_ $$aAgency theory
000168930 6531_ $$aRisk
000168930 6531_ $$aContract choice.
000168930 700__ $$aHu, Wu-Yueh
000168930 700__ $$aVukina, Tomislav
000168930 700__ $$aZheng, Viaoyong
000168930 773__ $$d2014
000168930 8564_ $$924b9b774-839b-4f57-ba17-ab08aaa73233$$s566229$$uhttps://ageconsearch.umn.edu/record/168930/files/AE_20131212.pdf
000168930 887__ $$ahttp://purl.umn.edu/168930
000168930 909CO $$ooai:ageconsearch.umn.edu:168930$$pGLOBAL_SET
000168930 912__ $$nSubmitted by Wu-Yueh Hu (wyhu@nchu.edu.tw) on 2014-05-19T10:10:24Z
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  Previous issue date: 2014
000168930 913__ $$aLicense granted by Wu-Yueh Hu (wyhu@nchu.edu.tw) on 2014-05-19T09:57:27Z (GMT):

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000168930 980__ $$a329
000168930 982__ $$gAgricultural and Applied Economics Association>2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota