Transaction cost economics

Wever M, Wognum PM, Trienekens JH, Omta SWF (2010) Alignment between chain quality management and ehain govemanee in EU pork supply chains a transaction-cost-economics perspective. Meat Sei 84 228-237... 

Ellram L., Tate W., BiUington C., 2008, Offshore Outsourcing of Professional Service A Transaction Cost Economics Perspective, Journal of Operations Management, 26(2), pp. 148-163. 

Keywords pork production, supplier relationship management, transaction cost economics, vertical coordination... 

Transaction Cost Economics (TCE) provides the most common theoretical framework for contracts and vertical integration in livestock production. Contracts may reduce moral hazard problems through centralized decisions about input factors (feed, genetic, etc.) and production standards. The problem of adverse selection in case of unobservable quality characteristics (credence attributes) is decreased by contract systems with inherent monitoring approaches. A long-term orientation could enhance the processors ability to introduce new technologies. 

Some advanced predictions of contract theory and transaction cost economics have been hypothesized and empirically tested by an overall survey in the Hungarian dairy sector. Different methodological tools in the framework of multivariate analysis provided a qualitative basis to explain the focal research questions. Cluster analysis provides interesting results since we learned that different contracting practices co-exist depending on transaction characteristics in spite of the strictly regulated legal environment. 

Ferto, I., G.G. Szab6 and K. Bdrdos, 2004. Transaction cost economics considerations regarding the Hungarian fruit and vegetable sector. Studies in Agricultural Economics 99,101-114. 

Hendrikse, G.W.J. and C.P. Veerman, 2001. Marketing co-operatives and financial structure a transaction costs economic analysis. Agricultural Economics 26,205-216. 

Royer, J.S., 1999. Co-operative organisational strategies a neo-institutional digest. J. of Coop. 14, 44-67. Shelanski, H. and P.G. Klein, 1995. Empirical research in transaction cost economics a review and assessment. J. of Law, Econ., andOrg. 11, 335-61. 

Williamson, O., 1998. Transaction Cost Economics How it works where it is headed. The Economist 146,23-58. Yan, A. and B. Gray, 2001. Negotiating control and achieving performance in international joint ventures A conceptual model. Journal of international Management 7, 295-315. 

First the industry context of the retailer cuid wholescder will be described based on Porters five force model and second the governance structure on Transaction Costs Economics. 

Masten, S.E., 2000. Transaction-cost Economics and the Organization of Agricultural Transactions. In M.R. Baye (ed.). Advances in Applied Microeconomics Industrial Organization, Vol. 9. Elsevier, New York, pp. 173-195. 

Williamson, O.E., 1979. Transaction costs economics The governance of contractual relations. Journal of Law and Economics 22, 233-262. 

The paper analyses some crucial organizational issues arising in the supply of safe food. Within the theoretical framework provided by Transaction Costs Economics, behavioural uncertainty and asset specificity are taken into account in order to analyse the influence of the characteristics of food on the choice of the structure of governance. Soimd theoretical reasons lead to the contention that hybrid forms are efficiently chosen by agents to tackle the questions posed by food safety. This idea is supported by empirical evidence from one of the most important food distribution companies in Italy. The study supports previous empirical evidence and thus confirms the validity of the approach in studying complex relationships along the supply chain. 

The theoretical bases of the study a Transaction Costs Economics approach to food safety... 

David, R.T. and S.K. Han, 2004. A systematic assessment of the empirical support for transaction cost economics. Strat. Mgmt. J. 25, 39-58. 

Fahlbeck (ed). Essays in transaction cost economics. Uppsala Swedish University of Agricultural Sciences. Frank, S.D. and D.R. Henderson, 1992. Transaction costs as determinants of vertical coordination in the U.S. food industries. American J. of Agr. Eco. 74,941-950. 

The theoretical literature on supply chain collaboration is diversified representing multiple perspectives. The diverse literature reflects the versatile nature of supply chain collaboration involving a variety of motives and objectives (Barringer and Harrison 2000 Hitt 2011 Verdecho et al. 2012 Fawcett et al. 2012). This study examines supply chain collaboration from multiple perspectives (1) technical-economic perspective, e.g. uncertainty reduction, transaction cost economics, resource based view, relational view, and extended resource based view (2) sociopolitical perspective, e.g. resource dependence theory, social exchange theory, and social dilemma theory (3) trust based rationalism and (4) learning and knowledge perspective. These multiple perspectives provide us with insights into the nature, forms, contents, and forces of supply chain collaboration. 

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