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The role of time preferences in contract breach:Evidence from Chinese poultry farmers participating in contract farming 被引量:1
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作者 HOU Jing ZHOU Li +1 位作者 Jennifer IFFT YING Rui-yao 《Journal of Integrative Agriculture》 SCIE CAS CSCD 2023年第2期623-641,共19页
Farmers’contract breach behavior is cited as one of the major stumbling blocks in the sustainable expansion of contract farming in many developing countries.This paper examines farmers’contract breach decisions from... Farmers’contract breach behavior is cited as one of the major stumbling blocks in the sustainable expansion of contract farming in many developing countries.This paper examines farmers’contract breach decisions from the perspective of time preferences.The empirical analysis is based on a household survey and economic field experiments of poultry households participating in contract farming conducted in Jiangsu Province,China.A discounted utility model and a maximum likelihood technique are applied to estimate farmers’time preferences and the effect of time preferences on contract breach in the production and sales phases are explored with a bivariate probit model.The results show that,on average,the poultry farmers in the sample are generally present biased and impatient regarding future utility.The regression results show that farmers with a higher preference for the present and a higher discount rate are more likely to breach contracts,and time preferences play a greater role in the production phase than in the sales phase.When considering heterogeneity,specific investments and transaction costs promote contract stability only for farmers with a low degree of impatience.Moreover,compared with large-scale farmers,small-scale farmers’contract breach decisions are more significantly affected by their time preferences.These results have implications for contract stability policies and other issues that are impacted by the linking of behavioral preferences to agricultural decisions. 展开更多
关键词 time preferences contract breach contract farming economic field experiments China
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FROM DEBRIS FIELD TO ECONOMIC POWERHOUSE
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作者 Helmut Matt 《Beijing Review》 2017年第39期20-22,共3页
The CPC offers an example in governing the economy The 19th National Congress of the Communist Party of China(CPC)will take place on October 18.A communiqué,issued after the Sixth Plenary Session of the 18th CPC ... The CPC offers an example in governing the economy The 19th National Congress of the Communist Party of China(CPC)will take place on October 18.A communiqué,issued after the Sixth Plenary Session of the 18th CPC Central Committee in October last year,states that the 19th CPC National Congress constitutes a crucial event in the political life of the Party and the state. 展开更多
关键词 CPC FROM DEBRIS field TO economic POWERHOUSE
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