Access the full text.
Sign up today, get DeepDyve free for 14 days.
S. Caleman, Décio Zylbersztajn (2012)
Falta de garantias e falhas de coordenação: evidências do sistema agroindustrial da carne bovinaRevista De Economia E Sociologia Rural, 50
J. Hobbs, L. Young (2000)
Closer vertical co‐ordination in agri‐food supply chains: a conceptual framework and some preliminary evidenceSupply Chain Management, 5
F. Minarelli, F. Galioto, M. Raggi, D. Viaggi (2016)
Asymmetric information along the food supply chain: a review of the literature
D. Cottle, L. Kahn (2014)
Beef Cattle Production and Trade
J. Hobbs (2003)
Information, Incentives and Institutions in the Agri‐food SectorCanadian Journal of Agricultural Economics-revue Canadienne D Agroeconomie, 51
M. Gorton, Mikhail Dumitrashko, John White (2006)
Overcoming supply chain failure in the agri-food sector: A case study from MoldovaFood Policy, 31
I. Cezar, H. Queiroz, L. Thiago, F. Garagorry, F. Costa (2005)
Sistemas de produção de gado de corte no Brasil: uma descrição com ênfase no regime alimentar e no abate.
C. Oliveira (2008)
Aspectos do processo de comercialização na cadeia da bovinocultura de corte no Rio Grande do Sul
Marcelo Carrer, H. Filho, M. Vinholis (2014)
Plural forms of governance in the beef industry: a case study in BrazilBritish Food Journal, 116
M. Nozières, Charles-Henri Moulin, Benoit Dedieu (2011)
The herd, a source of flexibility for livestock farming systems faced with uncertainties?Animal : an international journal of animal bioscience, 5 9
E. Raynaud, L. Sauvée, E. Valceschini (2009)
Aligning Branding Strategies and Governance of Vertical Transactions in Agri-Food ChainsIndustrial and Corporate Change, 18
R. Loader, J. Hobbs (1996)
The hidden costs and benefits of BSEBritish Food Journal, 98
T. Stank, M. Emmelhainz, P. Daugherty (1996)
The Impact of Information on Supplier PerformanceThe Journal of Marketing Theory and Practice, 4
J. Hobbs (1996)
Transaction costs and slaughter cattle procurement: Processors' selection of supply channelsAgribusiness, 12
C. Souza, A. Buainain (2010)
A bovinocultura de corte do estado de Mato Grosso do Sul : evolução e competitividade
(1970)
The Market for “Lemons”: Quality Uncertainty and the Market Mechanism
(2017)
Seven questions and answers about Operation Weak Flesh
S. Caleman, D. Zylbersztajn, Matheus Pereira, Gustavo Oliveira (2017)
Organizational tolerance in agro-industrial systems: an empirical application for the meat sectorRevista de Administração, 52
J. Hobbs (1996)
A transaction cost approach to supply chain managementSupply Chain Management, 1
(2017)
Operation Weak Flesh’ takes bite out of Brazil’s meat exports
(2011)
Relações comerciais entre produtor, indústria e varejo e as implicações na diferenciação e precificação de carne e produtos bovinos não-carcaça
Revista de Administração, 48
Gustavo Oliveira, S. Caleman, C. Cunha, Morenise Puperi (2017)
Value appropriation in Brazilian cattle industryBritish Food Journal, 119
Yoram Barzel (1982)
Measurement Cost and the Organization of MarketsThe Journal of Law and Economics, 25
S. Caleman, G. Monteiro (2013)
Should I Go to Court? An Assessment of the Role of the Judiciary in Disputes between Cattle Raisers and Meatpackers in BrazilAgricultural & Natural Resource Economics eJournal
J. Hobbs (2004)
Information asymmetry and the role of traceability systemsAgribusiness, 20
Mark Granovetter (1985)
Economic Action and Social Structure: The Problem of EmbeddednessAmerican Journal of Sociology, 91
E. Raynaud, L. Sauvée, E. Valceschini (2002)
Governance of the Agri-food Chains as a Vector of Credibility for Quality Signalization in Europe /доклад на 10 конгрессе ЕААЕ, Exploring Diversity in the European Agri-Food System, Zaragoza, Spain, 28-31 August 2002
D. Zylbersztajn, C. Filho (2003)
Competitiveness of meat agri‐food chain in BrazilSupply Chain Management, 8
R. Freeland, O. Williamson (1997)
The Mechanisms of GovernanceAdministrative Science Quarterly, 44
W. Dugger (1987)
The Economic Institutions of CapitalismJournal of Economic Issues, 21
L. Pascoal, J. Lobato, J. Restle, F. Vaz, R. Vaz, P. Pacheco (2011)
Carcass boneless yield of Braford steers, classified according to fat coverage classRevista Brasileira De Zootecnia, 40
George Akerlof (1970)
The Market for “Lemons”: Quality Uncertainty and the Market MechanismQuarterly Journal of Economics, 84
J. Hobbs (1997)
Measuring the Importance of Transaction Costs in Cattle MarketingWiley-Blackwell: American Journal of Agricultural Economics
Yoram Barzel (2005)
Organizational Forms and Measurement CostsJournal of Institutional and Theoretical Economics-zeitschrift Fur Die Gesamte Staatswissenschaft, 161
D. Hennessy (1996)
Information Asymmetry as a Reason for Food Industry Vertical IntegrationWiley-Blackwell: American Journal of Agricultural Economics
(2003)
Manual de instruções do Conseleite: Paraná
The purpose of this paper is to investigate information asymmetry in cattle supply transaction in Brazil. While the literature traditionally explores the seller’s information asymmetry advantages, the authors, in turn, draw attention to buyer’s role. This paper aims to show what farmer characteristics present negative correlation with slaughterhouses’ information asymmetry advantages. By slaughterhouses’ advantages, the authors refer to slaughterhouses’ opportunistic appropriation of value due to hidden information, such as quality measurement and remuneration of difficult-to-measure attributes. In doing so, this paper addresses the following research question: what are the farmer’s characteristics with negative correlation with slaughterhouses’ information asymmetry advantages?Design/methodology/approachThis paper employs a logit model regression on a survey of 89 Brazilian cattle breeders. Drawing on transaction cost economics, this study empirically evaluates farmers’ technology level, level of education, family tradition, farm size and efforts to collect price information, to test which of these characteristics present negative correlation with slaughterhouses’ information asymmetry advantages.FindingsThe results illustrate that the cattle breeders’ level of education is negatively correlated with buyers’ information asymmetry advantages. Additionally, the authors find a controversial result presenting efforts to collect price information as positively correlated with this kind of information asymmetry advantages. Farmer’s farm size, family tradition and the level of technology were not influential. These findings suggest that a possible value appropriation from buyers’ information asymmetry is a problem for several types of producers, even varying size, family tradition in the activity or transaction costs to collect price information (e.g. lack of transparency). Initiatives should try to reduce this problem to these farmers to avoid value appropriation resulting from information asymmetry problems, especially in the lack of transparency.Originality/valueThis paper adopts a survey about information asymmetry in cattle supply transactions in Brazil, which is well known as one of the most relevant producer and consumer of meat. The main contribution is to shed light on the understanding of buyers’ information asymmetry advantages in farmer-slaughterhouse transactions to avoid potential conflicts. Given some singularities of the Brazilian cattle industry, the authors can empirically test buyers’, not sellers’, information asymmetry advantages.
British Food Journal – Emerald Publishing
Published: Jul 9, 2019
Keywords: Brazil; Information asymmetry; Transaction costs; Cattle
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.