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Falta de Garantias e Falhas de Coordenação: evidências do sistema agroindustrial da carne bovina

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  • Caleman, Silvia Morales de Queiroz
  • Zylbersztajn, Decio
Abstract
The role of formal and informal institutions in the economy of organizations is traditionally analyzed in terms of efficient governance mechanisms which minimize transaction costs. Based on a different perspective, this paper focuses on coordination failures and the problem of lack of guarantees in sequential transactions. In particular, this research examines a bundle of guarantees which supports the transaction between producers and the meatpacking industry in the Mato Grosso do Sul state regarding the inefficiencies in the trading of ready-to-slaughter animals. A theoretical model based on Barzel (1997) involving property rights, guarantees and institutions is proposed for the understanding of coordination failures. This model is empirically tested with two multiple logistic regressions: i) an ordered logit model based on the producer’s risk perception and ii) a recursive bivariate probit model based on producer’s risk perception and on the role of collective action. The findings suggest that formal institutions and collective actions play a relevant role in providing guarantees and, thus, representing a source of transaction costs minimization.

Suggested Citation

  • Caleman, Silvia Morales de Queiroz & Zylbersztajn, Decio, 2012. "Falta de Garantias e Falhas de Coordenação: evidências do sistema agroindustrial da carne bovina," Revista de Economia e Sociologia Rural (RESR), Sociedade Brasileira de Economia e Sociologia Rural, vol. 50(2), January.
  • Handle: RePEc:ags:revi24:341570
    DOI: 10.22004/ag.econ.341570
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    Cited by:

    1. Pereira, Jaiane Aparecida & Guimarães, Amanda Ferreira & Santos, Rejane Heloise dos & Schiavi, Sandra Mara de Alencar & Souza, José Paulo de, 2022. "Governance structures in cooperative slaughterhouses: a study on the chain of differentiated beef in the state of Paraná," Revista de Economia e Sociologia Rural (RESR), Sociedade Brasileira de Economia e Sociologia Rural, vol. 60(1), January.

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    Keywords

    Agricultural Finance;

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