@article{Salviano:212280,
      recid = {212280},
      author = {Salviano, Paulo Alexandre Perdomo and Wander, Alcido  Elenor},
      title = {Transaction Costs in Vertical Integration Contracts for  Poultry Production from Farmers’ Perspective in Rio Verde  (Goias, Brazil)},
      address = {2015},
      number = {1008-2016-80396},
      pages = {22},
      year = {2015},
      abstract = {This study aimed to analyze the contractual relationship  between processing industry in Rio Verde (Goias, Brazil)  and farmers, using a Transaction Cost Economics (TCE)  approach to describe relevant aspects of producers’  perception of dependence to the contracting processor. We  considered the two classical analytic categories: (a)  behavioral assumptions (bounded rationality and  opportunism) and (b) attributes of transactions (asset  specificity, frequency and uncertainty). Our findings are  based on a survey with 40 farmers providing poultry to the  contracting processor. Key findings are that changes in the  structure of governance that manages the transaction  between poultry producers and processors are efficient  responses to the growth of specificity due to dedicated  assets. For farmers, there is lack of information about  contract content. This may enable opportunistic behavior of  contracting processor. We conclude that farmers’ dependence  to processors is high on specialized small-scale farms and  low for more diversified and larger farms.},
      url = {http://ageconsearch.umn.edu/record/212280},
      doi = {https://doi.org/10.22004/ag.econ.212280},
}