scholarly journals Bioprospection: From the Economics of Contracts to Reflexive Governance

2004 ◽  
Author(s):  
Tom Dedeurwaerdere
Keyword(s):  
Economics Of Contracts

The Insight and the Legacy of the Theory of Share Tenancy

2018 ◽  
Vol 5 (1) ◽  
Author(s):  
Douglas W. Allen ◽  
Dean Lueck
Keyword(s):  
Property Rights ◽  
Transaction Costs ◽  
Contract Design ◽  
Coase Theorem ◽  
The Future ◽  
Economics Of Contracts ◽  
Share Tenancy ◽  
Phd Thesis

Abstract The Theory of Share Tenancy by Steven Cheung, first published as a PhD thesis 50 years ago, was an important watershed study on the economics of contracts. It contained the first formal demonstration of the Coase Theorem, linked the concepts of property rights and transaction costs, laid early foundations for the future economics of contracts, and can even lay claim to originating the idea of a risk/incentive tradeoff in contract design. This essay examines Cheung's key contributions in Share Tenancy, and considers reasons for its somewhat limited legacy outside of China.

scholarly journals Smart Contracts: Reducing Risks in Economic Exchange with No-Party Trust?

2019 ◽  
Vol 10 (2) ◽  
pp. 245-262 ◽  
Author(s):  
Helen EENMAA-DIMITRIEVA ◽  
Maria José SCHMIDT-KESSEN
Keyword(s):  
Law And Economics ◽  
Contract Enforcement ◽  
Smart Contracts ◽  
Economic Exchange ◽  
New Markets ◽  
Trust Mechanism ◽  
Market Creation ◽  
Blockchain Technology ◽  
Economics Of Contracts ◽  
Field Of Inquiry

Our study on smart contracts, self-executing agreements based on blockchain technology, can be placed in the field of inquiry within law and economics of contracts which explores new modes of contract enforcement as sources of market creation. We lay the foundations by characterising contract enforcement and trust mechanisms underlying contracts. Considering that trust reduces risks in economic exchange, we explain how the particular trust mechanism underlying smart contracts’ enforcement (no-party trust) provides opportunities for creating new markets and changing existing ones. We explore, among other things, whether using smart contracts could be a path to increasing the autonomy of consumers and offering a solution for democratising trade.

scholarly journals Jonathan Levin: 2011 John Bates Clark Medalist

2012 ◽  
Vol 26 (2) ◽  
pp. 207-222
Author(s):  
Liran Einav ◽  
Steve Tadelis
Keyword(s):  
Economic Theory ◽  
Industrial Organization ◽  
Asymmetric Information ◽  
Public Goods ◽  
Dynamic Games ◽  
Market Design ◽  
Estimation Methods ◽  
Microeconomic Theory ◽  
Econometric Methods ◽  
Economics Of Contracts

Jonathan Levin, the 2011 recipient of the American Economic Association's John Bates Clark Medal, has established himself as a leader in the fields of industrial organization and microeconomic theory. Jon has made important contributions in many areas: the economics of contracts and organizations; market design; markets with asymmetric information; and estimation methods for dynamic games. Jon's combination of breadth and depth is remarkable, ranging from important papers in very distinct areas such as economic theory and econometric methods to applied work that seamlessly integrates theory with data. In what follows, we will attempt to do justice not only to Jon's academic work, but also try to sketch a broader portrait of Jon's other contributions to economics as a gifted teacher, dedicated advisor, and selfless provider of public goods.

The economics of contracts and the renewal of economics

2002 ◽  
pp. 3-42 ◽  
Author(s):  
Eric Brousseau ◽  
Jean-Michel Glachant ◽  
M'Hand Fares
Keyword(s):  
Economics Of Contracts

scholarly journals Economics of contracts in African food systems: evidence from the malt barley sector in Ethiopia

2021 ◽  
Vol 9 (1) ◽  
Author(s):  
Delelegne A. Tefera ◽  
Jos Bijman
Keyword(s):  
Value Chain ◽  
Food Systems ◽  
Net Income ◽  
Cross Sectional Survey ◽  
Vertical Coordination ◽  
Cross Sectional ◽  
Economics Of Contracts ◽  
Malt Barley ◽  
Inverse Probability Weighted ◽  
The Impact

AbstractForeign direct investment (FDI) facilitates modernization of domestic agri-food systems in emerging economies through increased use of vertical coordination. This paper sheds lights on how international brewer investments in African food systems affect smallholder market participation and value chain development. In particular, we analyze the impact of contracts among malt barley producers in Ethiopia. Using cross-sectional survey data, we employ inverse probability-weighted regression adjustment (IPWRA) and propensity score matching (PSM) techniques to analyze the economic impact of contracting. We find that contrary to popular belief, contracting has positive and significant impact on malt barley production, intensification, commercialization, quality improvement, and farm gate prices, ultimately resulting in increased net income and spillover into the productivity of other food crops.

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