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    • University of Missouri-Columbia
    • Graduate School - MU Theses and Dissertations (MU)
    • Theses and Dissertations (MU)
    • Dissertations (MU)
    • 2008 Dissertations (MU)
    • 2008 MU dissertations - Freely available online
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    Product differentiation and the role of contracts : the US pork industry case

    Jang, Jongick
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    [PDF] public.pdf (9.706Kb)
    [PDF] short.pdf (8.286Kb)
    [PDF] research.pdf (853.7Kb)
    Date
    2008
    Format
    Thesis
    Metadata
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    Abstract
    This dissertation studies factors influencing the rapid transition from spot markets to contracts recently observed in the exchanges between farm producers and processors or distributors. In particular, it attempts to fill gaps between the existing literature on organizational form choice and processors' or retailers' practices on contract choice recently observed in the agro-food sector by offering theoretical arguments and empirical analysis. On the theoretical side, it develops the concept of product specificity to a buyer by looking at the interaction between processors' or retailers' product differentiation activities in downstream markets and their procurement practices in upstream markets and then incorporates it into the existing theories of contracts to more consistently explain the rapid transition. On the empirical side, the product specificity analytical framework is applied to a more comprehensive analysis of contract structure and choice in the US pork industry. The results from long-term hog procurement contract documents analysis and an econometric analysis of the primary data generated from a survey of pork packers support the theoretical arguments.
    URI
    https://doi.org/10.32469/10355/5607
    https://hdl.handle.net/10355/5607
    Degree
    Ph. D.
    Thesis Department
    Agricultural economics (MU)
    Rights
    OpenAccess.
    This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.
    Collections
    • 2008 MU dissertations - Freely available online
    • Agricultural Economics electronic theses and dissertations (MU)

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