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Contract Engagement in the Small-Scale Tuna-Fishing Economies of East Java
- Source :
- Bulletin of Indonesian Economic Studies. 53:27-54
- Publication Year :
- 2017
- Publisher :
- Informa UK Limited, 2017.
-
Abstract
- We examine the informal contractual relationships formed by artisanal fishers (AFs) and intermediaries in the small-scale tuna-fishing economies of East Java, Indonesia, using data from a survey of 436 boat captains. Our exploration of the factors motivating AFs to engage in such contracts uses instrumental-variable probit regressions to control for endogeneity in our transaction-cost economics model. This model incorporates the importance of household characteristics, transaction characteristics, transaction costs, risk behaviour, and trust in the choice of contract between AFs and their intermediaries. These intermediaries play an important role in facilitating transactions and contractual relationships between AFs and processors in the marketing value chain. We find that social capital is a statistically significant instrumental variable in our model. We also find that risk behaviour and trust are not statistically significant in influencing the choice of governance structure.
- Subjects :
- Transaction cost
Economics and Econometrics
050204 development studies
Corporate governance
05 social sciences
Instrumental variable
Probit
Development
Intermediary
Economy
0502 economics and business
Economics
050202 agricultural economics & policy
Endogeneity
Database transaction
Social capital
Subjects
Details
- ISSN :
- 14727234 and 00074918
- Volume :
- 53
- Database :
- OpenAIRE
- Journal :
- Bulletin of Indonesian Economic Studies
- Accession number :
- edsair.doi...........aed245cc8b10b3863e06b216853c3a8e