Brasil
Brasil
Understanding economic behavior considering together the influence of formal and informal institutions allows understanding the functioning of markets, as well as life in society. In this paper, we aimed to revisit the organization of economic transactions through the theoretical complementarity between social and economic aspects. More than the economic aspects, we aimed to argue that economic transactions are organized not only from attributes and dimensions as proposed by the neo-institutional theories, but also from social capital. We proposed an analytical framework that were illustrate from three case studies in a Brazilian beef agri-food system. The presented analytical framework intends, through a broad analysis, to contribute to filling some gaps identified in the analysis of the studies developed within the two research fields. Thus, we believed that this model can be satisfactorily used in the analysis of exchange relations, supporting the understanding of interactions between formal and informal institutions.
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