VERTICAL INTEGRATION AND CONTRACTING IN THE U.S. POULTRY SECTOR

Tomislav Vukina

30 citations0/0 files storedRePEc: Research Papers in Economics

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Agricultural economics and policies Economics of Agriculture and Food Markets Agriculture and Agroindustry Studies

Abstract

This paper provides an economic explanation of the existing market organization of the poultry industry. The vertical integration and the emergence of contracts with independent farmers is explained by risk sharing, technological progress and innovation dissemination, consumer demand for product reputation and uniform quality, and access to capital. In addition, the sources of growers' discontent with existing contracts are analyzed and the potential need for government regulation is discussed.

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References

1991The Economic Effects of Franchise Termination Laws 1989A Real Game of Chicken: Contracts, Tournaments, and the Production of Broilers 2000Broiler Production Contracts as a Multi‐Agent Problem: Common Risk, Incentives and Heterogeneity 1999Integrator Contracts with Many Agents and Bankruptcy 1992Intellectual Property Protection in the American Chicken–Breeding Industry 2001Regulating Broiler Contracts: Tournaments Versus Fixed Performance Standards

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2006Efficiency gains from organizational innovation: Comparing ordinal and cardinal tournament games in broiler contracts 2013The Problems with Poultry Production and Processing 2012Rynek żywca w Polsce (1955-2010) - zmiany strukturalne, koncentracja produkcji i wahania podaży 20201002288.pdf

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