• Search Research Projects
  • Search Researchers
  • How to Use
  1. Back to previous page

Imperfect Information in Contracts between Farm Contractor and Farm : Interpretation by Extensive Form Game

Research Project

Project/Area Number 07806029
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeSingle-year Grants
Section一般
Research Field Agro-economics
Research InstitutionHOKKAIDO UNIVERSITY

Principal Investigator

OSANAMI Fumio  Hokkaido Univ., Fac.of Agr., Associate Pro., 農学部, 助教授 (00113697)

Co-Investigator(Kenkyū-buntansha) XIU Shinketsu  Hokusei Univ., Fac.of Econ., Lecturer, 経済学部, 講師 (90285510)
KONDO Takumi  Hokkaido Univ., Fac.of Agr., Instructor, 農学部, 助手 (40178413)
Project Period (FY) 1995 – 1996
Project Status Completed (Fiscal Year 1996)
Budget Amount *help
¥2,100,000 (Direct Cost: ¥2,100,000)
Fiscal Year 1996: ¥1,000,000 (Direct Cost: ¥1,000,000)
Fiscal Year 1995: ¥1,100,000 (Direct Cost: ¥1,100,000)
KeywordsOrganization of Farm Contract / Contract / Game Theory / Imperfect Information / Enforceability of Contracts / Farm Contractor / Quality of Service / Difficulty with the Work / 農作業受委託 / 高度な作業 / 易しい作業 / ゲーム論 / 情報の非対称性 / 農業機械利用組合 / 農協営
Research Abstract

Although Japanese agriculture is highly mechanized, the cost of farm machinery is much higher in Japan than in other developed countries, largely owing to the lower utilization of machine-capacity under conditions of small-scale farming on small and widely-scattered plots. It is hoped that the farm contractor will present a possible alternative to over-investment in costly farm machinery.
This paper introduces the effects of imperfect information on farm contracts. The extensive form game model was used to analyze this introduction of imperfect or asymmetrical information, and to discuss the conditions for ideal type of farm contractor. We proceed from the assumption that farmers do not perceive the quality of a farm contractor's services, and that they lack the objective criterion to judge the quality of services in advance. Typically, farmers receive only information about the contractor's fee. In terms of the game theoretical analysis, the preceding situation is common knowledge among playrs. The extensive-form game interpretation of farmer/contractor contracts revealed that the most plausible solution to the theoretical model was the combination of low charge and low-quality service. In fact, the combination of high charge and high-quality service is even more profitable for both parties, but does not represent a realistic solution due to a state of imperfect information, and the so-called prisoner's dilemma to which this ignorance gives rise.

Report

(3 results)
  • 1996 Annual Research Report   Final Research Report Summary
  • 1995 Annual Research Report
  • Research Products

    (3 results)

All Other

All Publications (3 results)

  • [Publications] 樋詰伸之: "農作業受委託契約における情報の不完全性-民間型ゲームによる考察-" 農業経済研究. 68巻1号. 20-27 (1996)

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] Hizume, N., Xiu, S., Osanami.F.: "Imperfect Information of Contracts between Farm Contractor and Farm : Interpretation by Extensive Form Game" Agricultural Economic Review. Vol.68 No.1. 20-27 (1996)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      1996 Final Research Report Summary
  • [Publications] 樋詰伸之・修震傑、長南史男: "農作業受委託契約における情報の不完全性-展開型ゲームによる考察-" 農業経済研究. 68・1. 20-27 (1996)

    • Related Report
      1996 Annual Research Report

URL: 

Published: 1995-04-01   Modified: 2016-04-21  

Information User Guide FAQ News Terms of Use Attribution of KAKENHI

Powered by NII kakenhi