caa a22 4500 388054727 CHVBK 20180307125102.0 cr unu---uuuuu 161130e199812 xx s 000 0 eng 10.1017/S1074070800008300 doi S1074070800008300 pii (NATIONALLICENCE)cambridge-10.1017/S1074070800008300 Analysis of Changing Methods of Vertical Coordination in the Pork Industry [Elektronische Daten] [Steve W. Martinez, Kevin E. Smith, Kelly D. Zering] This study examines the motivation behind contracts and vertical integration in the pork industry, and simulates the effects of potential improvements in coordination. Incentives related to lowering costs of measuring and sorting hogs, and protecting against opportunistic behavior associated with specific assets, can result in hog quality improvements. A framework for simulating the effects of increased coordination through contracts and vertical integration was developed and used to evaluate potential improvements in leanness. Although simulations suggest only modest changes in pork prices and supplies, gains in consumers' surplus could be substantial for larger demand shifts due to quality improvements. Copyright © Southern Agricultural Economics Association 1998 contracts nationallicence hogs nationallicence lean pork nationallicence simulation model nationallicence vertical coordination nationallicence vertical integration nationallicence Martinez Steve W. Economic Research Service, U.S. Department of Agriculture aut Smith Kevin E. North Carolina State University aut Zering Kelly D. North Carolina State University aut Journal of Agricultural and Applied Economics Cambridge University Press 30/2(1998-12), 301-311 1074-0708 30:2<301 1998 30 AAE https://doi.org/10.1017/S1074070800008300 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1017/S1074070800008300 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Martinez Steve W. Economic Research Service, U.S. Department of Agriculture aut NATIONALLICENCE 700 1- Smith Kevin E. North Carolina State University aut NATIONALLICENCE 700 1- Zering Kelly D. North Carolina State University aut NATIONALLICENCE 773 0- Journal of Agricultural and Applied Economics Cambridge University Press 30/2(1998-12), 301-311 1074-0708 30:2<301 1998 30 AAE CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge