Milk Marketing Channel Choice (Paperback)

Transaction cost economics approach argues that transactions do not occur in a frictionless environment. Transaction costs including information, contract and enforcement costs arise in market arrangements and influence market channel participation. Using Tobit limited dependent variable analysis, data from obtained from 158 smallholder farmers sampled from Lilongwe milkshed area, Malawi were used to determine the differences between transaction costs in the formal and informal marketing channel and examine the market channel choice determinants. Results showed that information costs proxied by quality inspection had a positive influence on informal milk marketing while payment delay, a proxy for negotiation costs had a negative influence and the fear of non-sale had a positive influence on informal milk marketing. Milk production had a positive influence on informal marketing. Information and negotiation costs were higher in the formal channel while the informal channel had higher monitoring costs.

General

Imprint:	Lap Lambert Academic Publishing
Country of origin:	Germany
Release date:	February 2012
First published:	February 2012
Authors:	Chitika Rollins Jonathan • Mugisha Johnny • Banda James W
Dimensions:	229 x 152 x 6mm (L x W x T)
Format:	Paperback - Trade
Pages:	92
ISBN-13:	978-3-8484-0006-5
Categories:	Books > Arts & Architecture > Music > General Books > Music > General
LSN:	3-8484-0006-5
Barcode:	9783848400065

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!