.... Results reveal hybrid governance where personal trust and institutional assurance coexist to reduce perceived risk. Originality/value Integrating New Institutional Economics, Transaction Cost Economics and social-capital theory, this study shows how relational and formal mechanisms interact...

... processor-retailer); finally, what makes the chain economically sustainable. Design/methodology/approach – A picture of the chain is obtained collecting information from the businesses involved; the snowball selection criterion is used in identifying people to interview. Transaction Cost Economics...

... transaction cost economics) with negotiation analysis and organization design theory. The paper aims to discuss these issues. Design/methodology/approach – Three extensions are proposed and argued to be particularly useful for analyzing economic organization in conditions such as those prevailing...