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Trust, Contracting, and Adaptation in Agri-Food Hybrid Structures

International Journal on Food System Dynamics

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Title Trust, Contracting, and Adaptation in Agri-Food Hybrid Structures
 
Creator Martino, Gaetano
 
Subject hybrid; conditional trust; adaptation; contractual relationship
 
Description The paper considers the relationship between trust and governance structure from a Transaction Cost Economics perspective. The role of trust in the coordinating decisions is variously conceptualized according to the theoretical view adopted by the scholars. The present study adopt the three-level schema introduced by Williamson (1996) and suggest that determinants of trust may operate both at institutional and governance structure level. The analytical framework depicted maintains that trust may determine a reduction of ex post transaction cost in the adaptation of hybrid structure. As a consequence trust appears to be able to extend the range of existence of the hybrids. The empirical part of the study is dedicated to a case study which illustrates the emerging of conditional trust (Fritz et al., 2008) and the role of trust in the adaptation process.
 
Publisher CentMA
 
Contributor —
 
Date 2010-12-15
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://centmapress.ilb.uni-bonn.de/ojs/index.php/fsd/article/view/143
10.18461/ijfsd.v1i4.%x
 
Source International Journal on Food System Dynamics; Vol 1, No 4 (2010); 305-317
1869-6945
 
Language eng
 
Relation http://centmapress.ilb.uni-bonn.de/ojs/index.php/fsd/article/view/143/97