The paper examines contracts in new agricultural industries that exhibit learning-by-doing. 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.Agribusiness,

Choiniere, Conrad J.

English

Research Papers in Economics

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CONTRACT STRUCTURE, LEARNING-BY-DOING AND THE VIABILITY OF NEW AGRICULTURAL INDUSTRIES

CONTRACT STRUCTURE, LEARNING-BY-DOING AND THE VIABILITY OF NEW AGRICULTURAL INDUSTRIES

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Research Papers in Economics