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Influence of the Organization of Actors in the Ecological Outcomes of Investment in Restoration of Biodiversity ArchiMer
Scemama, Pierre; Levrel, Harold.
This paper investigates the consequences of the organization of actors on the performances of biodiversity restoration projects. It leans on an interdisciplinary framework that uses ecological engineering information to answer an economic issue following the transaction cost economics framework. Applied to four case studies, this analysis allows us to establish a direct link between the organization of restoration projects and their ecological performance and in fine on their reproducibility. In the end we show that projects that are embedded within flexible organizational forms are in phase with ecological engineering principles and are more likely to be replicated. This focus on the organization of actors in restoration projects provides new insights to...
Tipo: Text Palavras-chave: Biodiversity restoration; Organization; Transaction costs economics; Ecological engineering.
Ano: 2019 URL: https://archimer.ifremer.fr/doc/00468/57999/60478.pdf
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Do Transaction Costs and Risk Preferences Influence Marketing Arrangements in the Illinois Hog Industry? AgEcon
Franken, Jason R.V.; Pennings, Joost M.E.; Garcia, Philip.
Studies of hog industry structure often invoke risk reduction and transaction costs explanations for empirical observations but fail to directly examine the core concepts of risk behavior and transaction costs theories. Using a more unified conceptual framework and unique survey and accounting data, this study demonstrates that that risk preferences and asset specificity impact Illinois producers’ use of contracts and spot markets as suggested by theory. Factor analytic methods limit measurement error for indirectly observable risk and transaction costs variables employed in logit regressions. In particular, related investments in specific hog genetics and specific human capital regarding the production process increase the probability of selecting...
Tipo: Conference Paper or Presentation Palavras-chave: Risk behavior; Transaction costs economics; Risk attitude and risk perception; Asset specificity; Contracts; Hogs; Agricultural Finance.
Ano: 2008 URL: http://purl.umn.edu/37599
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Do Transaction Costs and Risk Preferences Influence Marketing Arrangements in the Illinois Hog Industry? AgEcon
Franken, Jason R.V.; Pennings, Joost M.E.; Garcia, Philip.
Risk reduction and transaction costs are often used to explain contracting in the U.S. hog industry with little empirical support. Using a unified conceptual framework that draws from risk behavior and transaction cost theories, in combination with unique survey and accounting data, we demonstrate that risk preferences and asset specificity impact Illinois producers’ use of contracts and spot markets. In particular, producers’ investments in specific hog genetics and human capital are related to selection of long-term marketing contracts over spot markets. Producers who perceive greater levels of price risk and/or are more averse are more (less) likely to use contracts (spot markets).
Tipo: Report Palavras-chave: Asset specificity; Contracts; Hogs; Risk attitude; Risk behavior; Risk perception; Transaction costs economics; Livestock Production/Industries; Risk and Uncertainty.
Ano: 2009 URL: http://purl.umn.edu/54548
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The Applicability of Transaction Costs Economics to Vertical Integration Decision: Evidences from a Brazilian Beef Processor AgEcon
Vieira, Luciana Marques.
This article aims to explore the vertical integration decision of a beef processor from an integrated approach operations strategy and transaction costs economic theory. In this research, vertical integration as a structural decision of operations strategy determined by the occurrence of transaction costs. The paper presents one case study carried out in one beef Processor Company which illustrates the main theoretical assumptions. The results suggest that transaction costs economics helps to identify key points of major strategic decisions on vertical integration due to its behavioural perspective, reducing the effect of uncertainty and asset specificity of this decision. At the end of the paper, future research is suggested.
Tipo: Journal Article Palavras-chave: Vertical integration; Operations strategy; Transaction costs economics; Agribusiness; Agricultural Finance; Industrial Organization.
Ano: 2008 URL: http://purl.umn.edu/61471
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