Traceability in the U.S. Food Supply: An Application of Transaction Cost Analysis

Suboptimal supply of food and agricultural traceability is framed in a transaction cost analysis. We propose a model that considers the variables of opportunism potential, agency costs, uncertainty, asset specificity, frequency, and transaction costs. The model is then applied to the development of a typology of feasible governance modes – market, hybrid, firm, or public bureau, considering levels of transaction costs and competencies of private firms. Theoretical and practical implications are discussed and future research opportunities are suggested.


Subject(s):
Issue Date:
2010
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/61492
Total Pages:
29
Series Statement:
Selected Paper
11418




 Record created 2017-04-01, last modified 2017-08-25

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