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• W2155103544 abstract "We investigate the design of a two-period contract between an agricultural processor and growers whose quality-ability types are not observable to the processor. After characterizing the optimal contracts and establishing conditions for a separating equilibrium, we investigate how a payment based on first-period reputation may induce more first-period effort. We show that this reputation-based payment can improve both the processor's and the grower's welfare, resulting in a dominant equilibrium." @default.
• W2155103544 created "2016-06-24" @default.
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• W2155103544 date "2005-01-01" @default.
• W2155103544 modified "2023-09-27" @default.
• W2155103544 title "Product Quality and Grower Reputation: Dynamic Contracts With Adverse Selection" @default.
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• W2155103544 doi "https://doi.org/10.22004/ag.econ.19543" @default.
• W2155103544 hasPublicationYear "2005" @default.
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