Design of production contracts [[electronic resource] ] : lessons from theory and agriculture / / by Peter Bogetoft and Henrik Ballebye Olesen

• Record Nr.: UNINA9910823570803321
• Autore: Bogetoft Peter
• Pubbl/distr/stampa: [Copenhagen?] ; ; Herndon, VA, : Copenhagen Business School Press, 2004
• ISBN: 87-630-9958-6
• Edizione: [1. ed.]
• Descrizione fisica: 1 online resource (208 p.)
• Altri autori (Persone): OlesenHenrik Ballebye
• Soggetti: Contracts; Contracts, Agricultural
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Bibliographic Level Mode of Issuance: Monograph
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Design of Production Contracts: Lessons from Theory and Agriculture -- Preface -- Introduction -- 1.1 The Theory of Contracting -- 1.2 The Practice of Contracting -- 1.3 Combining Theory and Practice -- 1.4 The Research Project -- 1.5 Readers Guide -- 1.6 Homepage -- 1.7 References -- Ten Rules of Thumb in Contract Design -- 2.1 Introduction1 -- 2.2 Contract Design -- 2.3 The Contracts -- 2.4 Ten Rules of Thumb -- 2.4.1 Coordinate production -- Examples -- 2.4.2 Balance the pros and cons of decentralization -- Examples -- 2.4.3 Minimize the costs of risk and uncertainty -- Examples -- 2.4.4 Reduce the costs of post-contractual opportunism -- Examples -- 2.4.5 Reduce the costs of pre-contractual opportunism -- Examples -- 2.4.6 Do not kill cooperation -- Examples -- 2.4.7 Motivate long-term concerns -- Examples -- 2.4.8 Balance pros and cons of renegotiation -- Examples -- 2.4.9 Reduce the direct costs of contracting -- Examples -- 2.4.10 Use transparent contracts -- Examples -- 2.5 Conclusion -- 2.6 References -- Contract Theory: A Holistic Approach -- 3.1 Introduction -- 3.2 The Overall Goal -- 3.3 Three Main Objectives -- 3.4 Coordination -- 3.4.1 Coordination of production -- 3.4.2 Coordination of risk -- Risk sharing -- Minimizing risk -- 3.5 Motivation -- 3.5.1 Participation -- 3.5.2 Effort -- The informativeness principle -- Incentive intensity -- Multi-tasking -- Multiple producers -- Robustness -- 3.5.3 Investment -- 3.6 Transaction Costs -- 3.6.1 ; Entering a contract -- 3.6.2 Conflict resolution -- 3.6.3 Monitoring -- 3.6.4 Influence costs -- 3.7 Conclusion -- 3.8 Appendix -- 3.8.1 Incentive intensity -- 3.8.2 Multiple tasks -- 3.8.3 Yardstick competition -- 3.9 References -- Contract Production of Peas -- 4.1 Introduction1 -- 4.2 Background3 -- 4.3 Chronology -- 4.4 The Contract -- 4.5 Analysis of the Contract -- 4.5.1 Coordination.; 4.5.2 Risk sharing -- Sources of risk -- Risk borne by Danisco Foods -- Risk shared among all farmers -- Risk borne by the individual farmer -- 4.5.3 Moral hazard -- Opportunistic behavior from Danisco Foods -- Opportunistic behavior from the farmers -- 4.5.4 Hold-up -- 4.5.5 Discrimination -- 4.5.6 How should the groups be divided? -- 4.5.7 Yardstick competition34 -- 4.6 Conclusion -- 4.7 Appendix -- 4.7.1 The Current Contract -- 4.7.2 Yardstick Competition -- 4.8 References -- Contract Production of Specialty pigs -- 5.1 Introduction -- 5.2 Danish Crown -- 5.3 Coordination -- 5.4 Market-determined Bonus -- 5.4.1 Sales -- 5.4.2 Production -- 5.4.3 Participation -- 5.4.4 Risk sharing -- 5.4.5 Influence costs -- 5.5 Fixed Bonus -- 5.5.1 Sales -- 5.5.2 Production -- 5.5.3 Participation -- 5.5.4 Risk sharing -- 5.5.5 Influence costs -- 5.6 Fixed vs. Market-Determined Bonus -- 5.7 Change of Bonus System -- 5.8 Conclusion -- 5.9 Appendix -- 5.10 References -- Fact Sheets -- 6.1 Introduction -- 6.2 Peas for Danisco Foods A/S -- 6.2.1 The processor -- Core business -- Contracts -- Size -- Ownership -- 6.2.2 The producers -- Total production -- Specialization -- 6.2.3 Production and processing -- 6.2.4 Contract details -- Selection of producers -- Duration -- The processor's tasks -- The producer's tasks -- Enforcement and monitoring -- 6.2.5 Payment -- Example of a payment -- 6.2.6 Risk and insurance -- General production risk -- Specific production risk -- Price risk -- Other risk -- 6.3 Specialty pigs for Danish Crown -- 6.3.1 The processor -- Core business -- Contracts -- Size -- Ownership -- 6.3.2 The producers -- Total production -- Specialization -- 6.3.3 Production and processing -- 6.3.4 Contract details -- Selection of producers -- Duration -- The processor's tasks -- The producer's tasks -- Enforcement and monitoring -- 6.3.5 Payment.; Fixed bonuses are used for: -- Market-determined bonuses are used for: -- A combination of market-determined bonuses and fixed bonuses is used for: -- Example of payment for NSL pigs: -- Example of payment for UK pigs: -- Example of payment for organic pigs: -- 6.3.6 Risk and insurance -- General production risk -- Specific production risk -- Price risk -- Other risk -- 6.4 Eggs for Danæg -- 6.4.1 The processor -- Core business -- Contracts -- Size -- Ownership -- 6.4.2 The producers -- Total production -- Specialization -- 6.4.3 Production and processing -- 6.4.4 Contract details -- Selection of producers -- Duration -- The processor's tasks -- The producer's tasks -- Enforcement and monitoring -- 6.4.5 Payment -- Example of a payment -- 6.4.6 Risk and insurance -- General production risk -- Specific production risk -- Price risk -- 6.5 Broilers for Rose Poultry A/S -- 6.5.1 The processor -- Core business -- Contracts -- Size -- Ownership -- 6.5.2 The producers -- Total production -- Specialization -- 6.5.3 Production and processing -- 6.5.4 Contract details -- Selection of producers -- Duration -- The processor's tasks -- The Producer's tasks -- Enforcement and monitoring -- 6.5.5 Payment -- Standard 5-year contract -- Contract for producers with New hen-houses -- Example of a payment -- 6.5.6 Risk and insurance -- General production risk -- Specific production risk -- Price risk -- Other risk -- 6.6 Fruit for Vallø Saft A/S -- 6.6.1 The processor -- Core business -- Contracts -- Size -- Ownership -- 6.6.2 The producers -- Total production -- Specialization -- 6.6.3 ; Production and processing -- 6.6.4 Contract details -- Selection of producers -- Duration -- The processor's tasks -- The producer's tasks -- Enforcement and monitoring -- 6.6.5 Payment -- Examples of payments -- 6.6.6 Risk and insurance -- General production risk.; Specific production risk -- Price risk -- Other risk -- 6.7 Grass and Clover -- 6.7.1 The processors -- Core business -- Contracts -- Size -- Ownership -- 6.7.2 The producers -- Total production -- Specialization -- 6.7.3 Production and processing -- 6.7.4 Contracts details -- Selection of producers -- Duration -- The processor's tasks -- The producer's tasks -- Enforcement and monitoring -- 6.7.5 Payment -- Example of a payment -- 6.7.6 Risk and insurance -- General production risk -- Specific production risk -- Price risk -- Other risks -- 6.8 Sugar Beet for Danisco Sugar A/S -- 6.8.1 The processors -- Core business -- Contracts -- Size -- Ownership -- 6.8.2 The producers -- Total production -- Specialization -- 6.8.3 The production and processing -- 6.8.4 Contracts details -- Selection of producers -- Reduction in individual quota -- Increase in individual quota -- Duration -- The processor's tasks -- The producer's tasks -- Enforcement and monitoring -- 6.8.5 Payment -- Example of a payment -- 6.8.6 Risk and insurance -- General production risk -- Specific production risk -- Price risk -- Other risk -- 6.9 Potatoes for AKV Langholt -- 6.9.1 The processor -- Core business -- Contracts -- Size -- Ownership -- 6.9.2 The producers -- Total production -- Specialization -- 6.9.3 Production and processing -- 6.9.4 Contract details -- Selection of producers -- Duration -- The processor's tasks -- The producer's tasks -- Enforcement and monitoring -- 6.9.5 Payment -- An example of a payment -- 6.9.6 Risk and insurance -- General production risk -- Specific production risk -- Price risk -- Other risk -- 6.10 References -- Index.