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Vertical Integration And Contracting In The U.S. Poultry Sector

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  • Vukina, Tomislav

Abstract

This paper provides an economic explanation of the existing market organization of the poultry industry. The vertical integration and the emergence of contracts with independent farmers is explained by risk sharing, technological progress and innovation dissemination, consumer demand for product reputation and uniform quality, and access to capital. In addition, the sources of growers'Â’ discontent with existing contracts are analyzed and the potential need for government regulation is discussed.

Suggested Citation

  • Vukina, Tomislav, 2001. "Vertical Integration And Contracting In The U.S. Poultry Sector," Journal of Food Distribution Research, Food Distribution Research Society, vol. 32(02), July.
  • Handle: RePEc:ags:jlofdr:27819
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    File URL: http://purl.umn.edu/27819
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    References listed on IDEAS

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    1. Satheesh V. Aradhyula & Matthew T. Holt, 1988. "Risk Behavior and Rational Expectations in the U.S. Broiler Market," Food and Agricultural Policy Research Institute (FAPRI) Publications 88-wp33, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
    2. Theofanis Tsoulouhas & Tomislav Vukina, 1999. "Integrator Contracts with Many Agents and Bankruptcy," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(1), pages 61-74.
    3. Theofanis Tsoulouhas & Tomislav Vukina, 2001. "Regulating Broiler Contracts: Tournaments Versus Fixed Performance Standards," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(4), pages 1062-1073.
    4. Rachael E. Goodhue, 2000. "Broiler Production Contracts as a Multi-Agent Problem: Common Risk, Incentives and Heterogeneity," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(3), pages 606-622.
    5. Knoeber, Charles R, 1989. "A Real Game of Chicken: Contracts, Tournaments, and the Production of Broilers," Journal of Law, Economics, and Organization, Oxford University Press, vol. 5(2), pages 271-292, Fall.
    6. Howard Beales, J. III & Muris, Timothy J., 1995. "The foundations of franchise regulation: Issues and evidence," Journal of Corporate Finance, Elsevier, vol. 2(1-2), pages 157-197, October.
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    Cited by:

    1. Zheng, Xiaoyong & Vukina, Tomislav, 2007. "Efficiency gains from organizational innovation: Comparing ordinal and cardinal tournament games in broiler contracts," International Journal of Industrial Organization, Elsevier, vol. 25(4), pages 843-859, August.
    2. Hueth, Brent & Ligon, Ethan & Dimitri, Carolyn, 2007. "AJAE Appendix: Agricultural Contracts: Data and Research Needs," American Journal of Agricultural Economics Appendices, Agricultural and Applied Economics Association, vol. 89(5), December.

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    Keywords

    Agribusiness;

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