Work

Traceability in the U.S. Food Supply: An Application of Transaction Cost Analysis

Year: 2010

Type: preprint

Abstract: Suboptimal supply of food and agricultural traceability is framed in a transaction cost analysis. We propose a model that considers the variables of opportunism potential, agency costs, uncertainty, asset specificity, frequency, and transaction costs. The model is then applied to the development of a typology of feasible governance modes – market, hybrid, firm, or public bureau, considering levels of transaction costs and competencies of private firms. Theoretical and practical implications are discussed and future research opportunities are suggested.

Source: RePEc: Research Papers in Economics

DOI: 10.22004/ag.econ.61492

Authors: Wang, Chao-Shih, Bravo, Jesus

Institution: Arizona State University

Language: English

Topic: Food Supply Chain Traceability

Subfield: Food Science

Field: Agricultural and Biological Sciences

Domain: Life Sciences

SDG: Zero hunger

Open Access status: green

OpenAlex ID: W1597560833

Cites: 34

Cited by: 1

Related to: 10