The Nature of the Farm: Contracts, Risk, and Organization in Agriculture

by Douglas W. Allen

Book Overview

The Nature of the Farm is a theoretical and empirical study of contracts and organization in agriculture based on the transaction cost framework. Transaction costs are important in agriculture because nature (for example, seasonality, weather, pests) plays such a critical role in determining output and limiting the ability of farmers to specialize. The book develops specific models and tests the implications of those models against data...

• Format: Paperback
• Language: English
• ISBN: 0262511851
• ISBN13: 9780262511858
• Release Date: August 2004
• Publisher: MIT Press
• Length: 258 Pages
• Weight: 0.89 lbs.
• Dimensions: 0.6" x 6.5" x 8.7"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher