Contract Structure, Learning-by-Doing and the Viability of New Agricultural Industries
نویسنده
چکیده
The paper examines contracts in new agricultural industries that exhibit learning-bydoing. A dynamic model analyzes a contract’s effect on production decisions, as well as investments in processing capacity and learning. The results of the model are applied qualitatively to the biomass electricity industry. Submitted by: Conrad J. Choinière Dept. of Agricultural and Resource Economics University of Maryland 2200 Symons Hall College Park, MD 20742 Tel: (301) 405-0104 Fax: (301) 314-9091 [email protected]
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