Concept information
Preferred term
economics of contracts
Entry terms
- contract economics
Belongs to group
Subject
- Agriculture, economics and politics
Example
- “Contract economics begins with the assumption that an economic entity known as "the principal" wants to contract with an "agent" to undertake some productive activity. In agriculture, one might take the principal to be an integrator, a processor, or some other firm that wants to purchase agricultural commodity with special quality characteristics so that the principal can produce high-quality retail food products. The agent might be a grower, an employee, or an intermediary that grows or purchases commodity on behalf of the principal. The rationale for contracting between a principal and an agent will vary greatly across firms, sectors, and industries.” (Source : INRA)
- “The economics of contracts offers some general principles for understanding efficient risk sharing.” (Source : INRA)
preferred label (skos-xl)
In other languages
-
économie des contratslexinfo:gender: feminine
lexinfo:partOfSpeech: noun
French
URI
http://opendata.inrae.fr/ASYSEL/17
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