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A PRINCIPAL-AGENT MODEL FOR REGIONAL PEST CONTROL ADOPTION

Abstract

Investigating the underlying producer characteristics associated with regional pest control adoption revealed an interesting proposition. Early adopting producers of firm-specific techniques with characteristics including higher education, more specialized operations, and larger sized business units are dissatisfied with a regional pest control technique. This study provides an explanation of the proposition based on a principal-agent model. Empirical support for the proposition is also presented by developing a multinomial logit model for predicting producers' dissatisfaction with boll weevil eradication.Regional pest control, Principal-agent model, Proposition, Firm-specific, Industry-specific, Crop Production/Industries,

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