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Transaction Costs, Institutions and the Organization of Supply Chains: Three Good Questions

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Abstract

The paper examines how Transaction Cost Economics can shed light on a series of institutional and organizational questions in the agri-food sector through an examination of three questions. Why have economies in transition grown at different rates, and why have some been more successful at transition to a market economy than others? Why do different modes of supply chain governance emerge in agri-food supply chains? Why do public and private standards for food safety and quality co-exist? The contribution of a transaction cost lens to each of these questions is examined, drawing upon insights from the literature. Empirical challenges and opportunities are discussed. Acknowledgement :

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  • Hobbs, J., 2018. "Transaction Costs, Institutions and the Organization of Supply Chains: Three Good Questions," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277411, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaae18:277411
    DOI: 10.22004/ag.econ.277411
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