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Trust, contracting, and adaptation in agri-food hybrid structure

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  • Martino, Gaetano

Abstract

The paper considers the relationship between trust and governance structure from a Transaction Cost Economics perspective. The role of trust in the coordinating decisions is variously conceptualized according to the theoretical view adopted by the scholars. The present study adopt the three‐level schema introduced by Williamson (1996) and suggest that determinants of trust may operate both at institutional and governance structure level. The analytical framework depicted maintains that trust may determine a reduction of ex post transaction cost in the adaptation of hybrid structure. As a consequence trust appears to be able to extend the range of existence of the hybrids. The empirical part of the study is dedicated to a case study which illustrates the emerging of conditional trust (Fritz et al., 2008) and the role of trust in the adaptation process.

Suggested Citation

  • Martino, Gaetano, 2010. "Trust, contracting, and adaptation in agri-food hybrid structure," MPRA Paper 37617, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:37617
    as

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    File URL: https://mpra.ub.uni-muenchen.de/37617/1/MPRA_paper_37617.pdf
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    References listed on IDEAS

    as
    1. Claude Ménard, 2005. "New institutions for governing the agri-food industry," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 32(3), pages 421-440, September.
    2. Lorenz, Edward, 1999. "Trust, Contract and Economic Cooperation," Cambridge Journal of Economics, Oxford University Press, vol. 23(3), pages 301-315, May.
    3. Sophie Réviron & Jean-Marc Chappuis, 2005. "Effects of the Swiss retailers' strategy on the governance structure of the fresh food products supply chains," Agribusiness, John Wiley & Sons, Ltd., vol. 21(2), pages 237-252.
    4. Lyons, Bruce R & Mehta, Judith, 1997. "Contracts, Opportunism and Trust: Self-Interest and Social Orientation," Cambridge Journal of Economics, Oxford University Press, vol. 21(2), pages 239-257, March.
    5. Tobias Buchman & Andreas Pyka, 2012. "Innovation Networks," Chapters,in: Handbook on the Economics and Theory of the Firm, chapter 33 Edward Elgar Publishing.
    6. Williamson, Oliver E, 1993. "Calculativeness, Trust, and Economic Organization," Journal of Law and Economics, University of Chicago Press, vol. 36(1), pages 453-486, April.
    7. Tobias Buchman & Andreas Pyka, 2012. "Innovation Networks," Chapters,in: Handbook on the Economics and Theory of the Firm, chapter 33 Edward Elgar Publishing.
      • A. Pyka, 2007. "Innovation Networks," Chapters,in: Elgar Companion to Neo-Schumpeterian Economics, chapter 23 Edward Elgar Publishing.
    8. Arrighetti, Alessandro & Bachmann, Reinhard & Deakin, Simon, 1997. "Contract Law, Social Norms and Inter-firm Cooperation," Cambridge Journal of Economics, Oxford University Press, vol. 21(2), pages 171-195, March.
    9. Chen, Yongmin, 2000. "Promises, Trust, and Contracts," Journal of Law, Economics, and Organization, Oxford University Press, vol. 16(1), pages 209-232, April.
    10. Sako, Mari & Helper, Susan, 1998. "Determinants of trust in supplier relations: Evidence from the automotive industry in Japan and the United States," Journal of Economic Behavior & Organization, Elsevier, vol. 34(3), pages 387-417, March.
    11. repec:mes:jeciss:v:30:y:1996:i:4:p:1212-1216 is not listed on IDEAS
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    More about this item

    Keywords

    hybrid; conditional trust; adaptation; contractual relationship;

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure

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