How does a change in outside options affect relational contracting outcomes? Experimental evidence and implications for agricultural contracting

We use experiments, guided by theory, to examine how an exogenous decrease in the value of an agent's outside option (e.g., a proxy for a reduction in alternative contracting opportunities) affects relational contracting across two institutional environments. In the pure relational contracting...

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Veröffentlicht in:	Journal of the Agricultural and Applied Economics Association 2023-03, Vol.2 (1), p.146-159
Hauptverfasser:	Brindley, Jacob, MacDonald, James M., Wu, Steven Y.
Format:	Artikel
Sprache:	eng
Schlagworte:	Agriculture Competition contracting Contracts Efficiency experimental economics Profits Supply chains
Online-Zugang:	Volltext
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