Vertical Co-ordanitaion in Transition Agriculture: a Hungarian Cooperative Case Study
The agriculture is traditional risky business, but in transition countries agricultural producers should face some additional difficulties. The agri-food chains are still suffering from underdeveloped market institutions creating severe barriers for price discovery and high transaction costs to co-ordinate market exchanges. Co-operatives are usually neglected as a possible governance structure in recent empirical analyses. This study analyzes the advantages and limitations of cooperatives for establishing an appropriate vertical coordination forms in the framework of transaction cost economics. We present a case study to show that at the recent stage of development in Hungarian agriculture co-operatives can solve some problems arising from missing and embryonic market institutions. We argue that the co-operative is a good example, how an agricultural co-operative can achieve some of the potential advantages, solving many "traditional" TCE and agency problems and serving its members with a continuing growth.
Year of publication: |
2002
|
---|---|
Authors: | Ferto, Imre ; Szabo, Gabor G. |
Publisher: |
Budapest : Hungarian Academy of Sciences, Institute of Economics |
Saved in:
freely available
Series: | IEHAS Discussion Papers ; MT-DP - 2002/10 |
---|---|
Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Working Paper |
Language: | English |
Other identifiers: | 870257528 [GVK] hdl:10419/108042 [Handle] RePEc:has:discpr:0210 [RePEc] |
Source: |
Persistent link: https://www.econbiz.de/10010494288
Saved in favorites
Similar items by person
-
The Choice of Marketing Cooperative in a Transition Agriculture
Ferto, Imre, (2007)
-
THE CHOICE OF THE SUPPLY CHANNELS IN HUNGARIAN FRUIT AND VEGETABLE SECTOR
Ferto, Imre, (2002)
-
Bakucs, Lajos Zoltan, (2007)
- More ...