Implicit contracts as a method of vertical co-ordination in the New Zealand meat industry : a thesis submitted in partial fulfilment of the requirements for the degree of Master of Agricultual Economics

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dc.contributor.authorWylaars, M. Jozefa
dc.date.accessioned2018-01-11T21:38:40Z
dc.date.available2018-01-11T21:38:40Z
dc.date.issued1994
dc.description.abstractA framework is developed using Williamson's seminal discussion of contractual arrangements and governance choice. The New Zealand Meat industry is the subject of this study in that contractual arrangements exist along-side more conventional trading relationships. The main body of the paper is devoted to; the review of other empirical studies of vertical co-ordination and; the collection and primary analysis of data. Primary results show the form and extent of vertical co-ordination in a small non-random sample. While the neo-classical contract to supply stock is used, many producers and processors operate and co-ordinate with a relational, implicit contract in which the producer deals almost exclusively with one company and develops a long term and 'important relationship' with an agent. Several regressions on measures of co-ordination, included in the appendices, while far from robust, show interesting patterns related to the transaction cost hypothesis.en_US
dc.identifier.urihttp://hdl.handle.net/10179/12549
dc.language.isoenen_US
dc.publisherMassey Universityen_US
dc.rightsThe Authoren_US
dc.subjectAgricultural industriesen_US
dc.subjectVertical integrationen_US
dc.subjectMeat industry tradeen_US
dc.subjectMarketing, Verticalen_US
dc.titleImplicit contracts as a method of vertical co-ordination in the New Zealand meat industry : a thesis submitted in partial fulfilment of the requirements for the degree of Master of Agricultual Economicsen_US
dc.typeThesisen_US
massey.contributor.authorWylaars, M. Jozefa
thesis.degree.disciplineAgribusinessen_US
thesis.degree.grantorMassey Universityen_US
thesis.degree.levelMastersen_US
thesis.degree.nameMaster of Agricultural Economics (M. Agr. Econ.)en_US
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