@article{Martinez:15561,
      recid = {15561},
      author = {Martinez, Stephen W. and Smith, Kevin E. and Zering, Kelly  D.},
      title = {ANALYSIS OF CHANGING METHODS OF VERTICAL COORDINATION IN  THE PORK INDUSTRY},
      journal = {Journal of Agricultural and Applied Economics},
      address = {1998-12},
      number = {1379-2016-112923},
      pages = {11},
      year = {1998},
      abstract = {This study examines the motivation behind contracts and  vertical integration in the pork industry, and simulates  the effects of potential improvements in coordination.   Incentives related to lowering costs of measuring and  sorting hogs, and protecting against opportunistic behavior  associated with specific assets, can result in hog quality  improvements.  A framework for simulating the effects of  increased coordination through contracts and vertical  integration was developed and used to evaluate potential  improvements in leanness.  Although simulations suggest  only modest changes in pork prices and supplies, gains in  consumers' surplus could be substantial for larger demand  shifts due to quality improvements.},
      url = {http://ageconsearch.umn.edu/record/15561},
      doi = {https://doi.org/10.22004/ag.econ.15561},
}