Skip Navigation

This Article
Right arrow Full Text (PDF)
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Similar articles in ISI Web of Science
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrow Search for citing articles in:
ISI Web of Science (8)
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by Bogetoft, P.
Right arrow Articles by Olesen, H. B.
Right arrow Search for Related Content
Related Collections
Right arrow L14 - Transactional Relationships; Contracts and Reputation; Networks
Right arrow Q13 - Agricultural Markets and Marketing; Cooperatives; Agribusiness
Right arrow Q14 - Agricultural Finance
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

European Review of Agriculture Economics Vol 29 (2) (2002) pp.185-204
© 2002 Oxford University Press and the Foundation for the European Review of Agricultural Economics

Ten rules of thumb in contract design: lessons from Danish agriculture

Peter Bogetoft and Henrik Ballebye Olesen

Royal Veterinary and Agricultural University, Frederiksberg, Denmark

Corresponding author: P. Bogetoft, Department of Economics and Natural Resources, The Royal Veterinary and Agricultural University, Rolighedsvej 23, DK-1958 Frederiksberg C, Denmark. E-mail: pb{at}kvl.dk

Summary

Real contracts balance a number of conflicting objectives that characterise the contracting situation. Contract theory provides useful insights but the formal models used in theoretical analysis tend to focus on a few effects in stylised environments. The risk of a partial approach is that while improving one aspect of a contract, new and more serious problems may arise in other respects. Practical, theory-based contract design can therefore benefit from a more holistic, systemic approach. In this paper, we offer a checklist that can support such an approach. The checklist combines theory with experiences from Danish agricultural contracts.

Keywords: contract design, contract theory, agricultural producer, food processor, Denmark


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?


This article has been cited by other articles:


Home page
 EUR REV AGRIC ECONHome page
J. L. Andersen and P. Bogetoft
Gains from quota trade: theoretical models and an application to the Danish fishery
Eur. Rev. Agric. Econ., March 1, 2007; 34(1): 105 - 127.
[Abstract] [Full Text] [PDF]


Disclaimer: Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.