Comparison of Vertical Coordination in the U.S. Poultry, Egg, and Pork Industries. Current Issues in Economics of Food Markets

摘要

Changes in vertical coordination in the U.S. broiler, turkey, and egg industries decades ago may provide useful insight into more recent developments in the U.S. pork industry. The need to protect relationship-specific investments created incentives for contracts and vertical integration. In the presence of relationship-specific investments, market uncertainty from a number of sources helped determine the type of contract/vertical coordination alternative selected.