A Study on the Vertical Coordination of the Grouper Aquaculture Industry in Taiwan
Date Issued
2014
Date
2014
Author(s)
Lin, Xin-Hui
Abstract
Over the pastfifteen years, the grouper aquaculture industry in Taiwan has undergone rapid development. This progress is due, not only to the geographic and climate conditions;but alsoto the excellent grouper aquaculture technology in Taiwan. However, because of the significant amplification of the grouper industry, the occurrences of grouper disease, environmental degradation and marketing problems constitute the major challenges the grouper industry is currently facing. Moreover, althoughthemarketing and production organizationmode has been conducted in Taiwan for many years, the Southeast Asian countries joining the grouper industry have caused problems forthe local industry to maintain its competitiveness in the international market.
Motivated from the above observations, this study attempts to analyzethe coordination relationship among Taiwan grouper industry in the context of organizational economics.The analytic results suggest that there are some embedded problems in the coordination of upstream and downstream of grouper aquaculture industry. We summarized our main findings as follows.
First of all, given the stylized fact that brokersmediate the trade between grouperproducers and middle breeding firms, the tripartite trading structure is suitable in terms of the trading frequency and asset characteristics of both parties. This is why sticking to the current structure of the transaction will lead to lower transaction costs for both parties. On the other hand, we find that the trading relationship betweenthe grouper producers and the feed supplierscreates uncertainties and speculative issues. From the view of trading relationship betweenthe marketing firms and grouper suppliers, the analytic results further suggest that although the oligopolistic is to the advantage of the marketing firms in terms of information gathering; this could have been harming the grouper producers which are relatively much less informed. Finally, the existing transaction structures are found to have high degrees of uncertainty and speculation, and thus have leaded to high transaction costs in the vertical coordination of the industry. As a result, some of the existing transaction structures need to be adjusted for future development of the grouper aquaculture industry in Taiwan.
Subjects
石斑魚養殖產業
組織經濟學
垂直整合
水平整合
交易關係
SDGs
Type
thesis
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