Markets, Contracts, or Integration? The Adoption, Diffusion, and Evolution of Organizational Form

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Markets, Contracts, or Integration? The Adoption, Diffusion, and Evolution of Organizational Form

Please use this identifier to cite or link to this item: http://hdl.handle.net/10355/8910

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dc.contributor.author James, Harvey S. (Harvey Stanley)
dc.contributor.author Klein, Peter G.
dc.contributor.author Sykuta, Michael E.
dc.coverage.spatial United States
dc.date.accessioned 2010-10-26T19:57:32Z
dc.date.available 2010-10-26T19:57:32Z
dc.date.issued 2007-4-12
dc.identifier.uri http://hdl.handle.net/10355/8910
dc.description.abstract The rise of contract farming and vertical integration is one of the most important changes in modern agriculture. Yet the adoption and diffusion of these new forms of organization has varied widely across regions, commodities, and farm types. Transaction cost and other modern theories of the firm help explain the advantages of contracting and integration over reliance on spot markets and commodity brokers. However, these theories do not address the variation in adoption rates of new organizational forms. This paper lays out a more dynamic framework for understanding the evolution of organizational practices in U.S. agriculture, drawing on theories of the diffusion of technology and organizational complementarities. Using recent trends as stylized facts we argue that the agrifood sector is characterized by strong complementarities and that identifying and describing these complementarities more fully sheds considerable light on the organizational structure of agricultural production. We illustrate our arguments with case studies from the oilseed, poultry, and hog industries. en_US
dc.language.iso en_US en_US
dc.relation.ispartof Contracting and Organizations Research Institute publications (MU) en_US
dc.subject.lcsh Vertical integration en_US
dc.subject.lcsh Contracts en_US
dc.subject.lcsh Organizational change en_US
dc.subject.lcsh Agricultural industries en_US
dc.title Markets, Contracts, or Integration? The Adoption, Diffusion, and Evolution of Organizational Form en_US
dc.type Working Paper en_US
dc.source.harvested Peter G. Klein's web page en_US
dc.relation.ispartofcommunity University of Missouri-Columbia. Contracting and Organizations Research Institute


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