The corn market in Mexico: from the perspective of the industrial economy and the transaction costs

Authors

  • María de los Angeles Parra-Vargas Maestría en Negocios y Estudios Económicos Centro Universitario de Ciencias Económico Administrativas. Universidad de Guadalajara
  • José G. Vargas-Hernández Centro Universitario de Ciencias Económico Administrativas. Universidad de Guadalajara. Periférico Norte 799 Edificio G-201-7, Núcleo Universitario Los Belenes CUCEA Zapopan, Jalisco C.P. 45100; México

DOI:

https://doi.org/10.5377/ribcc.v3i5.5940

Keywords:

Corn market, Institutional economics, Transaction costs, Market failures

Abstract

The objective of the present investigation is to show the role that the institutions play in strategic markets for the countries, in this case the maize market in Mexico. It begins with a review of the background, essentially after NAFTA's entry into Mexico. Subsequently the subject is approached from the great theories that cover the institutions to be able to explain factors that have made the corn market continue to operate in Mexico. Explaining the current way of operating the market by studying transaction costs, and therefore market failures. Concluding with the revision of the impulse that has had the production the rural institutions through some mechanisms such as the production by contract in the rural environment.

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Author Biographies

María de los Angeles Parra-Vargas, Maestría en Negocios y Estudios Económicos Centro Universitario de Ciencias Económico Administrativas. Universidad de Guadalajara

Investigadora de la Maestría en Negocios y Estudios Económicos / Centro Universitario de Ciencias Económico Administrativas. Universidad de Guadalajara

José G. Vargas-Hernández, Centro Universitario de Ciencias Económico Administrativas. Universidad de Guadalajara. Periférico Norte 799 Edificio G-201-7, Núcleo Universitario Los Belenes CUCEA Zapopan, Jalisco C.P. 45100; México

Profesor Investigador. Departamento de Administración Centro Universitario de Ciencias Económico Administrativas. Universidad de Guadalajara.

 

Published

2017-08-30

How to Cite

Parra-Vargas, M. de los A., & Vargas-Hernández, J. G. (2017). The corn market in Mexico: from the perspective of the industrial economy and the transaction costs. Ibero-American JournalL of Bioeconomy and Climate Change E-ISSN 2410-7980, 3(5), 752–768. https://doi.org/10.5377/ribcc.v3i5.5940

Issue

Section

Research articles

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