dc.contributor.author | Richter, Francisca G.-C. | |
dc.contributor.author | Diaz, Edgar F. Pebe | |
dc.contributor.author | Brorsen, B. Wade | |
dc.contributor.author | Currier, Kevin | |
dc.date.accessioned | 2015-10-16T20:47:48Z | |
dc.date.available | 2015-10-16T20:47:48Z | |
dc.date.issued | 2003-08 | |
dc.identifier | okds_Brorsen_JARE_2003-08 | |
dc.identifier.citation | Richter, F. G.-C., Diaz, E. F. P., Brorsen, B. W., & Currier, K. (2003). Using both sociological and economic incentives to reduce moral hazard. Journal of Agricultural and Resource Economics, 28(2), 364-373. | |
dc.identifier.uri | https://hdl.handle.net/11244/19791 | |
dc.description.abstract | Economists tend to focus on monetary incentives. In the model developed here, both sociological and economic incentives are used to diminish the apparent moral hazard problem existing in commodity grading. Training that promotes graders' response to sociological incentives is shown to increase expected benefits. The model suggests this training be increased up to the point where the marginal benefit due to training equals its marginal cost. It may be more economical to influence the grader's behavior by creating cognitive dissonance through training and rules rather than by using economic incentives alone. | |
dc.format | application/pdf | |
dc.language | en_US | |
dc.publisher | Western Agricultural Economics Association | |
dc.rights | This material has been previously published. In the Oklahoma State University Library's institutional repository this version is made available through the open access principles and the terms of agreement/consent between the author(s) and the publisher. The permission policy on the use, reproduction or distribution of the material falls under fair use for educational, scholarship, and research purposes. Contact Digital Resources and Discovery Services at lib-dls@okstate.edu or 405-744-9161 for further information. | |
dc.title | Using both sociological and economic incentives to reduce moral hazard | |
osu.filename | okds_Brorsen_JARE_2003-08.pdf | |
dc.description.peerreview | Peer reviewed | |
dc.description.department | Agricultural Economics | |
dc.description.department | Economics | |
dc.type.genre | Article | |
dc.type.material | Text | |
dc.subject.keywords | grading | |
dc.subject.keywords | incentives | |
dc.subject.keywords | moral hazard | |
dc.subject.keywords | norms | |
dc.subject.keywords | social sanctions | |