7 Transaction-cost economics and the organization of agricultural transactions外文文献.pdfVIP

TRANSACTION-COST ECONOMICS AND THE ORGANIZATION OF AGRICULTURAL TRANSACTIONS Scott E. Masten ABSTRACT This chapter discusses the logic, hypotheses, empirical methods, and principal findings of the transaction-cost approach to economic organiza- tion as a foundation for analyzing the organization of agricultural transactions. In contrast to textbook characterizations of agriculture as the quintessential spot market, agricultural transactions display a broad range of governance arrangements . The chapter traces the use of these arr