Summary: Supply Chain Networks

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  • 1 New institutional Economics and transparency in Supply chain networks

  • 1.1 Transaction Costs

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  • All sacrifices and disadvantages  that the exchange partners have to bear in order to realise the exchange of goods and services

    Transaction costs
  • Types of transaction cost

    1. Initiation cost
    2. agreement cost
    3. processing cost
    4. control cost
    5. adjustment cost
  • New forms of crop livestok integration:

    1. On-farm integration
    2. beyond the farm level
  • 1.1.2 characteristics of the institutional arrangement

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  • Relational contractual relationships

    Hierarchy
  • Combination of market and hierarchichal elements

    Hybrid
  • Characteristics of the institutional arangements:

    1. Incentive intensity 
    2. extent of administrative controls 
    3. adaptation 
    4. costs of establishing and using the institutional arrangement 
  • To what extent are the individuals motivated to reduce cost and adapt to changed framework conditions?

    Incentive intensity
  • To what extent can formal restrictions on individual behaviour be used to avoid transaction costs?

    Extent of administrative controls
  • To what extent can the transaction partners react to environmental changes independently of one another?

    Autonomous adaptation
  • To what extent can the transaction partners adapt to environmental changes in a coordinated manner?

    Cooperative adaptation

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