Partnerships in the Irish Beef Industry: Contract Theoretical Analyses

Abstract

A number of partnerships have recently been established in the Irish beef industry. A partnership consists of a meat processor and a number of farmers. This study analyzes four such Irish partnerships, based on contract theory. The conclusions are: (1) It pays to collaborate with the best possible partners. (2) Having control of a major part of the operations is necessary for success. (3) With time, better collaboration is achieved. (4) A simple relationship between the processor and the producers reduces conflicts. (5) A strong brand name is necessary to reach lucrative consumer markets. (6) Information sharing facilitates the coordination

Keywords

beef industry; contract theory; coordination; Ireland; motivation; partnership

Published in

International Journal of Agricultural Sustainability
2009, volume: 21, number: 4, pages: 312-338
Publisher: Taylor & Francis Group, LLC

SLU Authors

• Nilsson, Jerker

  • Department of Economics, Swedish University of Agricultural Sciences
    

UKÄ Subject classification

Food Science

Publication identifier

• DOI: https://doi.org/10.1080/08974430903007825

Permanent link to this page (URI)

https://res.slu.se/id/publ/26482