Strategic Interactions, Risks and Coordination Costs in Food Marketing Channels: The Mediating Role of Futures Markets
| dc.creator | Kuwornu, John K.M. | |
| dc.creator | Kuiper, W. Erno | |
| dc.creator | Pennings, Joost M.E. | |
| dc.creator | Meulenberg, Matthew T.G. | |
| dc.date | 2017-04-01T20:03:29Z | |
| dc.date.accessioned | 2026-07-09T02:51:19Z | |
| dc.description | We examine the interaction of marketing channel members and the influence of these interactions on incentives, coordination costs, and risk allocation strategies in a food marketing channel. For this purpose we specify a three-stage principal-agent marketing channel model involving producers, wholesalers, retailers and a futures market. We compare the situation with and without futures market. The empirical results regarding the Dutch ware potato marketing channel during 1971-2003 reveals that, possibly as a result of increases in incentives to producers and wholesalers, the coordination costs of the marketing channel decreased significantly, both with and without futures trade. The coordination costs of a marketing channel with a futures market are lower than without futures, demonstrating the price discovery role of the futures markets. The results also show that risk shifted from retailers to producers and wholesalers. | |
| dc.identifier | doi:10.22004/ag.econ.7740 | |
| dc.identifier | https://ageconsearch.umn.edu/record/7740/files/sp06ku02.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/7740 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/521456 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/7740 | |
| dc.title | Strategic Interactions, Risks and Coordination Costs in Food Marketing Channels: The Mediating Role of Futures Markets | |
| dc.type | Text |