“Company & Peasant-household”Research on the Forms and Origin of the Opportunistic Behaviors in the Compact Agricultural Trade Relations
CAO Yan-ai
Abstract：“Company & Peasant-household” is one of the highest agricultural industrialization rate of business model in China. But, there are much opportunism behaviors in this mode, such as break the contract, “hold-up” and so on. There are four types of opportunism behaviors in the “Company & Peasant-household” mode. The first is “adverse selection” and “moral hazard” which is mainly based on the information asymmetry. The second is “hold-up” based on asset specificity investment. The third is “free-rider” behavior based on the collective action. The forth is the short-term act based on the game number of times (frequency). The origin of the opportunism in the compact agricultural trade relations mainly are, bounded rationality, incomplete information and information asymmetry, asset specificity and short-term behavior.
Keywords：“company & peasant-household”agricultural trade relationsopportunistic behaviorassets specificity
Publication Date：2013-01-01
Online Publishing Date：2025-08-15(First online date of this platform, not the publication date of the document)
Pages：6( 16-21 )