000246172 001__ 246172
000246172 005__ 20180123005253.0
000246172 037__ $$a1835-2016-149580
000246172 037__ $$a1835-2016-149652
000246172 041__ $$aen_US
000246172 245__ $$aRelational Contracts and Product Quality: The Effect of Bargaining Power on Efficiency and Distribution
000246172 260__ $$c2016
000246172 269__ $$a2016
000246172 300__ $$a19
000246172 336__ $$aJournal Article
000246172 520__ $$aThis paper studies how changes in bargaining power alter the surplus distribution and
sustainability of incomplete agricultural contracts. When an enforceable payment exists, selfenforcement
is always sustainable, the highest quality is traded, and any surplus distribution is
possible. However, there is a limit to how much bargaining power can be exercised when contracts
are fully incomplete, as a seller cannot extract too much of the surplus without breaking down
the trading relationship. The results provide insight into the limits of policies that attempt to
redistribute bargaining power in markets having informal institutions or in which parties rely on
implicit contracts.
000246172 542__ $$fLicense granted by Mallory Pagel (pagel107@umn.edu) on 2016-10-17T16:07:50Z (GMT):

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000246172 650__ $$aAgricultural and Food Policy
000246172 6531_ $$abargaining power
000246172 6531_ $$adistribution
000246172 6531_ $$aincomplete contracts
000246172 6531_ $$ainstitutions
000246172 700__ $$aCordero Salas, Paula
000246172 773__ $$dSeptember 2016$$jVolume 41$$kNumber 3$$o424$$q406$$tJournal of Agricultural and Resource Economics
000246172 8564_ $$s268632$$uhttp://ageconsearch.umn.edu/record/246172/files/JARE_September2016__4_CorderoSalas_406-424.pdf
000246172 887__ $$ahttp://purl.umn.edu/246172
000246172 909CO $$ooai:ageconsearch.umn.edu:246172$$pGLOBAL_SET
000246172 912__ $$nSubmitted by Mallory Pagel (pagel107@umn.edu) on 2016-10-17T16:21:58Z
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000246172 912__ $$nMade available in DSpace on 2016-10-17T16:21:58Z (GMT). No. of bitstreams: 1
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  Previous issue date: 2016
000246172 982__ $$gJournal of Agricultural and Resource Economics>Volume 41, Number 3, September 2016
000246172 980__ $$a1835