caa a22 4500 378907611 CHVBK 20180305123533.0 cr unu---uuuuu 161128e20040206xx s 000 0 eng 10.2202/1542-0485.1046 doi (NATIONALLICENCE)gruyter-10.2202/1542-0485.1046 Risk and Transactions Cost in Contracting: Results from a Choice-Based Experiment [Elektronische Daten] [Darren Hudson, Jayson Lusk] Contracting is a contentious issue in agriculture. Competing theories assert that risk or transactions cost drive contracting decisions, with some argument that autonomy also plays a role. We examine preferences for different contract attributes using a choice-based conjoint experiment. Results of a study of agricultural producers show that both risk and transactions cost play a role in contracting decisions. Autonomy also plays a role, especially to the extent that producers wish to avoid total loss of autonomy. These results suggest that the effects of risk and transactions cost are relative and should both be considered when analyzing contracting decisions. ©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston risk nationallicence transactions cost nationallicence autonomy nationallicence contracting nationallicence choice-based conjoint nationallicence experiments nationallicence surveys nationallicence Hudson Darren Mississippi State University aut Lusk Jayson Purdue University aut Journal of Agricultural & Food Industrial Organization De Gruyter 2/1(2004-02-06) 2:1 2004 2 jafio https://doi.org/10.2202/1542-0485.1046 text/html Onlinezugriff via DOI 1 research article jats NATIONALLICENCE 856 40 https://doi.org/10.2202/1542-0485.1046 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Hudson Darren Mississippi State University aut NATIONALLICENCE 700 1- Lusk Jayson Purdue University aut NATIONALLICENCE 773 0- Journal of Agricultural & Food Industrial Organization De Gruyter 2/1(2004-02-06) 2:1 2004 2 jafio CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-gruyter