@article{Vilpoux:341614,
      recid = {341614},
      author = {Vilpoux, Olivier},
      title = {Desempenho dos Arranjos Institucionais e Minimização dos  Custos de Transação: transações entre produtores e  fecularias de mandioca},
      journal = {Revista de Economia e Sociologia Rural (RESR)},
      address = {2011-01},
      number = {2541-2024-1880},
      year = {2011},
      abstract = {The lack of competitiveness of Brazilian cassava starch  industry in relation to corn starch is explained by the  difficulty to obtain raw material (cassava roots) in stable  quantities and stable prices. The resolution of these  problems involves the adoption of governance systems that  stabilize the transactions between producers and processing  units. The analysis of 37 factories has allowed the  evaluation of transaction costs and the performance of  adopted governance systems, calculated from the ability to  stabilize raw material supply. The governance systems were  classified into six groups, from spot market to vertical  integration, depending on the level of warranty offered in  the delivery of raw material. Despite the identification of  asset specificity and transaction risk, cassava starch  companies prefer market transaction, a governance system  identified as less efficient. The low efficiency of  institutions increase transaction costs of contractual  governances, which can explain the preference for the  market. Contractual agreements with intermediaries and  strong warranties are more efficient, but with high  transaction costs. These results indicate two ways to  improve the competitiveness of the cassava starch industry:  (1) improvement in market efficiency, system with lower  transaction costs, (2) reduction of transaction costs for  governance systems with more warranties, which might  generates more efficient systems. While neither of the two  solutions is adopted, Brazilian cassava starch industry  continues to adopt low transaction costs, but with weak  efficiency.},
      url = {http://ageconsearch.umn.edu/record/341614},
      doi = {https://doi.org/10.22004/ag.econ.341614},
}