Three essays on information and contracts
Date
2022-08
Authors
Lee, Jun Yeong
Major Professor
Advisor
Orazem, Peter F
Hoffman, Elizabeth
Zhang, Wendong
Kim, Donghyuk
Cowan, Arnold R
Committee Member
Journal Title
Journal ISSN
Volume Title
Publisher
Altmetrics
Abstract
This dissertation consists of one essay on the experiment and two on contracts. Chapter 2 studies the impact of cheap talk on price in a repeated Bertrand oligopoly experiment. Chapter 3 analyzes the factors determining whether the land is farmed by the owner or rented out under a cash rent or crop share contract, using panel data on a statistically representative sample of Iowa farmland parcels from 1997 to 2017. Chapter 4 examines how the mean and variance of expected farmland returns affect the terms of the contract from 2008 to 2019. Specifically, this paper uses a sample that includes operators with multiple contracts, so I can control for unobserved operator risk preferences and ability as a fixed effect.
Series Number
Journal Issue
Is Version Of
Versions
Series
Academic or Administrative Unit
Economics
Type
article