Hog Producer Preferences for Marketing Contract Attributes
通过陈述偏好实验，测度生猪生产者对不同风险分担营销合同属性的偏好，并用美元量化其权衡，发现生产者更看重价格上限而非下限，且偏好合作社形式的合同方。
We use a stated preference instrument to elicit producer preferences for the attributes of risk‐shifting hog marketing contracts and express acceptable producer trade‐offs between contract attributes in a convenient dollar metric. Respondents value an increase in a window contract's price ceiling three to five times more than the same increase in the price floor, which suggests that hog producers dislike contracts that limit up‐side price potential (limit positive skewness). The contractor's organizational form is also important. Cooperative forms are preferred by many respondents, particularly those who state that trust in the contractor is an important antecedent for any contractual relationship.