Os leilões sob a ótica da economia institucional: evidências no mercado bovino

Filho, Cláudio Antônio Pinheiro Machado; Zylbersztajn, Décio

doi:10.1590/s0104-530x1999000300011

Cited by 6 publications

(5 citation statements)

References 7 publications

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“…Basicamente, pode-se considerar que existam dois tipos de incerteza: a incerteza proveniente do comportamento estratégico dos agentes, isto é, a incerteza decorrente da impossibilidade de saber as ações que os agentes colocarão em prática; e a incerteza de contingência (estado da natureza), ou seja, a incerteza inerente à própria atividade e a impossibilidade de se prever todas as possibilidades ou contingências, que ocorrerão num tempo futuro, que afetem a atividade (MACHADO FILHO;ZYLBERSZTAJN, 1999, p. 274).…”

Section: Os Custos De Transação Para O Mercado Agrícolaunclassified

Estatística para identificar a especificidade do ativo

Filho

Lages

Santos

2020

Ágora : rev. divulg. cient.

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Este trabalho busca introduzir uma forma, que não seja apenas subjetiva e teórica, mas prática de avaliar o quão específico é o ativo bovino. Visando confrontar os índices já determinados no mercado com a dinâmica de preços em feiras de gado, que são realizadas no interior de Alagoas. Ao utilizar testes estatístico com média como uma maneira para evidenciar a especificidade, verificou-se divergências significativas nas médias de animais que tinham finalidades distintas, como também no aspecto de aparentar algum tipo de característica de raça, todavia para sua morfologia, e, portanto arrobação e eventual rendimento de carcaça, embora os testes ficaram em média com valores abaixo do índice, seus valores médios não foram estatisticamente significantes. Assim o trabalho conseguiu evidenciar a existência de especificidades no gado mesmo que do tipo geral, por meio de uma forma original, que pode permitir dada a importância desse tema, a proposta de trabalhos como o mesmo fim para outros animais comercializáveis no âmbito do agronegócio, como também em localidades com um volume de mercado maior que tornem o impacto de tais evidências mais expressivo. Palavras-chave: Especificidades de ativos. Custos de transação. Institucionalismo. Agropecuária. Economia.

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Section: Os Custos De Transação Para O Mercado Agrícolaunclassified

Estatística para identificar a especificidade do ativo

Filho

Lages

Santos

2020

Ágora : rev. divulg. cient.

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“…In the "live weight" arrangement, the information flaws associated with the imbalance of bargaining power generate uncertainties, inefficiencies, and friction in transactions (MACHADO FILHO & ZYLBERSZTAJN, 1999;PASCOAL et al, 2011). These uncertainties and inefficiencies can lead to adverse incentives at the producer level.…”

Section: Economy Of Costs Of Transactionmentioning

confidence: 99%

“…In this segment, the role of trust between agents is highlighted (MACEDO, 2015), which may be considered relevant in the choice of governance structure (MARTINHO, 2010). Trust is seen as an important mechanism which can mitigate uncertainties and opportunistic behavior (DEAKIN & MICHIE, 1997;BROMILEY & HARRIS, 2006;LAZZARINI et al, 2008); consequently, is it held as a tool to reduce the cost of transaction (WILLIAMSON, 1993).…”

Section: Introductionmentioning

confidence: 99%

Contractual arrangements in the cattle beef chain: an analysis of trust

2020

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In Brazil, the conflict between cattlemen and the slaughterhouse industry is evident and historic in the beef cattle Agribusiness System, in which opportunistic behavior is commonplace. Accordingly, the role of trust is significant in trade decisions, which makes the analysis of trust in the construction process of governance structure an important factor. The present article aimed to identify the influence of trust in selecting the contractual arrangement in transactions between cattle ranchers and abattoirs. This qualitative and descriptive study used semi-structured interviews, done in loco, along with 30 beef cattle ranchers and five abattoirs in the west of São Paulo State. It was observed that transactions involve opportunistic behavior, and that trust is critical in selecting the contractual arrangement.

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“…The LW payment negotiation is also influenced by a set of subjective factors such as estimated fat thickness and carcass standard based solely on visual inspection of live animal. Studies have shown that the subjective component of the LW arrangement combined with imbalance of bargaining power at the producer-processor interface create uncertainties and inefficiencies in transactions (Machado Filho and Zylbersztajn, 1999). These uncertainties and inefficiencies can lead to adverse incentives for investing in quality improvements at the farm level.…”

Section: Jadee 92mentioning

confidence: 99%

Analysis of incentive structures at producer–processor interface of beef supply chain in Brazil

Shanoyan

Schiavi

Colares-Santos

2019

JADEE

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Purpose With recent shifts in market forces driven by food safety and quality concerns, managers in the Brazilian beef processing industry are forced to reevaluate their procurement arrangements with cattle producers. The purpose of this paper is to provide insight on the effect of live-weight (LW) and dead-weight (DW) procurement arrangements on farmers’ incentives to invest in cattle quality. Design/methodology/approach The research methods involve a conceptual model based on principal-agent framework and data from targeted interviews of cattle farmers and slaughterhouse managers in the Western Region of São Paulo state of Brazil. Findings Findings highlight the potential for adverse selection of low-quality cattle producers under LW arrangement and misaligned incentives for quality improvement, they also illustrate incentive compatibility of DW arrangement when the carcass yield is verifiable by producers. The evidence from field data was largely consistent with the predictions of the model and highlighted the important role of trust for a lasting procurement relationship under DW arrangement. Research limitations/implications Due to the lack of publicly available data and the challenges associated with the collection of primary field data, the sample is limited to 30 cattle producers and 5 processing firms. Originality/value This paper provides a theoretical and empirical platform for developing further research on coordination at the producer–processor interface of beef supply chain in Brazil and other countries with similar transaction characteristics. The findings will assist in designing more incentive compatible and self-enforcing arrangements between cattle farmers and slaughterhouses to enhance the product quality and the overall efficiency of the supply chain.

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Os leilões sob a ótica da economia institucional: evidências no mercado bovino

Abstract: Resumo Este trabalho discute o papel dos leilões a partir do referencial teórico da Nova Economia das

Cited by 6 publications

References 7 publications

Estatística para identificar a especificidade do ativo

Estatística para identificar a especificidade do ativo

Contractual arrangements in the cattle beef chain: an analysis of trust

Analysis of incentive structures at producer–processor interface of beef supply chain in Brazil

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