000168930 001__ 168930
000168930 005__ 20180122232543.0
000168930 037__ $$a329-2016-12980
000168930 041__ $$aen_US
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__ $$aAbstract
The objective of this paper is to analyze the relationship between farmers’ risk-aversions and the riskiness of various agricultural enterprises to see which marketing arrangements would typically emerge.  Relying on the basic agency theory model we hypothesize the prevalence of alternative marketing arrangements (AMAs) in situations with high-risk averse farmers and high-risk enterprises and the prevalence of spot (cash) markets for low risk-averse participants and less risky enterprises.  Our empirical tests are carried out using the 2004 Agricultural Resource Management Survey (ARMS).  The empirical results are largely supportive of the agency theory of contract choice.
000168930 542__ $$fLicense granted by Wu-Yueh Hu (wyhu@nchu.edu.tw) on 2014-05-19T09:57:27Z (GMT):

<center>  <h2> Deposit Agreement </h2> </center>
I represent that I am the creator of the digital material identified herein (&ldquo;Work&rdquo;).
I represent that the work is original and that I either own all rights of copyright 
or have the right to deposit the copy in a digital archive such as AgEcon Search. 
I represent that in regard to any non-original material included in the Work I have
secured written permission of the copyright owner (s) for this use or believe this 
use is allowed by law. I further represent that I have included all appropriate 
credits and attributions. I hereby grant the Regents of the University of Minnesota
(&ldquo;University&rdquo;), through AgEcon Search, a non-exclusive right to access, reproduce, 
and distribute the Work, in whole or in part, for the purposes of security, preservation,
and perpetual access. I grant the University a limited, non-exclusive right to make
derivative works for the purpose of migrating the Work to other media or formats in
order to preserve access to the Work. I do not transfer or intend to transfer any 
right of copyright or other intellectual property to the University. If the Deposit 
Agreement is executed by the Author�s Representative, the Representative shall separately
execute the following representation: I represent that I am authorized by the Author
to execute this Deposit Agreement on behalf of the Author.

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__ $$d2014
000168930 8564_ $$s566229$$uhttp://ageconsearch.umn.edu/record/168930/files/AE_20131212.pdf
000168930 887__ $$ahttp://purl.umn.edu/168930
000168930 909CO $$ooai:ageconsearch.umn.edu:168930$$pGLOBAL_SET
000168930 912__ $$nSubmitted by Wu-Yueh Hu (wyhu@nchu.edu.tw) on 2014-05-19T10:10:24Z
No. of bitstreams: 1
AE_20131212.pdf: 566229 bytes, checksum: 9c7302cbc2467cb075acf057c93a656a (MD5)
000168930 912__ $$nMade available in DSpace on 2014-05-19T10:10:24Z (GMT). No. of bitstreams: 1
AE_20131212.pdf: 566229 bytes, checksum: 9c7302cbc2467cb075acf057c93a656a (MD5)
  Previous issue date: 2014
000168930 982__ $$gAgricultural and Applied Economics Association>2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota
000168930 980__ $$a329