Abstract
The manuscript addresses the choice of organizational form in industrialized hog production. The objectives are to review the relevant theoretical literature on organizational form and create conceptual models of two of the major contractual relationships (alliance and integrator) emerging in the hog sector. Actual contracts are proprietary. Consequently, empirical information is scarce; however, we fell that the application of conceptual models of contracts can aid in making performance comparisons. The goal is to give some prescription as to which alternative organizational and contractual forms will perform the best. The models developed in this paper derive optimal contracts and show that an integrator organizational form (one party as residual claimant) may have advantages over an alliance.
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