290076 Contracts and Cooperatives

Detaljer
Ansvarligt institutFødevareøkonomisk Institut

English TitleContracts and Cooperatives
Tidligst mulig placeringKandidat 1.år
VarighedEn blok
 
Pointværdi7.5 (ECTS)
 
KursustypeKandidatkursus
 
EksamenSluteksamen

mundtlig eksamen


uden hjælpemidler

Beskrivelse af eksamen: 20 minutes oral examination without preparation but based on a written synopsis.

Vægtning: 100%



7-trinsskala, ingen censur
 
Forudsætninger for indstilling til eksamenA written synopsis is a prerequisite for attending the exam but is not evaluated in itself.
 
Rammer for UndervisningLectures, exercises, assignments, group work and group discussions.
 
BlokplaceringBlock 2
Ugestruktur: B
 
UndervisningssprogEngelsk
 
Anbefalede forudsætningerIndustrial Organization
 
Begrænset deltagerantalnone
 
Kursusindhold
Part 1 Cooperatives:
a. What is a cooperative?
b. Economic objectives and conditions.
c. Single product payment schemes.
d. Multi product payments schemes.
Part 2 Contract Theory:
a. What is contract theory?
b. Hidden information, adverse selection
c. Hidden action, moral hazard
d. Contract design, rules of thumb
e. Examples of production contracts
 
Undervisningsform
The instruction consists of a combination of lectures (which review the basic theories and models) exercises, case studies, text reading and discussion.
 
Målbeskrivelse
Learning Outcome:
The objective of this course is to learn to apply the concepts and techniques taught in the microeconomics theory course and other related courses in economic theory and econometrics, to problems faced by decision-makers in the agri-food industry and business organizations, as well as policy analysts.

After completing the course the student should be able to:

Knowledge:
Students are expected to know the basic concepts, models and results from the theoretical and the applied literature on
- Contract theory (in particular with applications on the agri-food industry)
- Cooperatives, pricing schemes and revenue sharing rules.

Skills:
Students should be able to understand and practice
- modern contract theory, specifically: Complete contracting, Incomplete contracting and Mechanism design.
- modern economic theory concerning cooperatives, specifically: organizationally setup and payment schemes.

Competences:
Students should be able to identify and analyze current issues related to:
- Incentives, risk sharing, coordination and information in the agri-food industry
- decisions in cooperatives
 
Litteraturhenvisninger
Bogetoft and Olesen, Cooperatives and Payment Schemes, CBS-Press, 2007.
Bogetoft and Olesen, Design of Production Contracts, CBS-Press, 2004.
Bolton and Dewatripont, Contract Theory, MIT-Press, 2005. (chapters, 1-4). Alternatively, a similar type of text book in contract theory
Hougaard, Introduction to Allocation Rules, Springer, 2009.
 
Kursusansvarlig
Kurt Nielsen, kun@life.ku.dk, Fødevareøkonomisk Institut/Faggruppe for Produktion og Teknologi, Tlf: 353-32316
 
Studienævn
Studienævn NSN
 
Kursusbeskrivelsesomfang
forelæsninger32
teoretiske øvelser28
forberedelse125
eksamen1
projektarbejde20

206