VERTICALLY ALIGNED VS. OPEN MARKET COORDINATION: DOMINANCE OR CO-EXISTENCE?

Will a more tightly aligned system become the exclusive coordination or governance system in the pork industry? The analysis shows that the packer prefers to source hogs from both an aligned market and an independent market. This result is because the packer, facing variability in the demand for premium pork, must balance the cost of higher quality aligned hogs and independent hogs against the states of nature for demand for the premium product.

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Year of publication:	2004
Authors:	Preckel, Paul V. ; Boehlje, Michael ; Gray, Allan W. ; Kim, Sounghun
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Industrial Organization \| Livestock Production/Industries

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Extent:	application/pdf
Series:	2004 Annual meeting, August 1-4, Denver, CO.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2004 Annual meeting, August 1-4, Denver, CO Number 20099
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005338299