Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
|
Your cart is empty |
|||
Showing 1 - 1 of 1 matches in All Departments
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.
|
You may like...
A Research Agenda for Multilevel…
Arthur Benz, Joerg Broschek, …
Hardcover
R3,360
Discovery Miles 33 600
Public Administration & Management in…
Christopher Thornhill, Isioma Ile, …
Paperback
(2)
Microbial Enzymes and Metabolites for…
Amit Kumar Rai, Luciana Porto de Souza Vandenberghe, …
Hardcover
R4,431
Discovery Miles 44 310
South African municipal government and…
C. Thornhill, J. Cloete
Paperback
Handbook on Gender and Public…
Patricia M Shields, Nicole M. Elias
Hardcover
R6,055
Discovery Miles 60 550
Handbook of Teaching Public…
Karin A. Bottom, John Diamond, …
Hardcover
R5,717
Discovery Miles 57 170
Bioreactors - Animal Cell Culture…
Goutam Saha, Alok Barua, …
Paperback
R1,932
Discovery Miles 19 320
|