Data/hora: 01/06/2024 11:16:51

Provedor de dados: | 31
País: | United States
Título: | An Information Economic Rationale for Cooperatives
Autores: | Boetoft,   Peter.
Data: | 2005-09-28
Ano: | 2005
Palavras-chave: | Economics of cooperatives; Asymmetric information; Incentives; Rationing; Agribusiness.
Resumo: | We consider how to organize the processing and marketing of an agricultural product when farming costs are known only by the individual farmers. We show that when marginal costs are un-correlated, the market for …nal goods is competitive, and the market for processing is non-competitive, the socially optimal production levels are sustained by a cooperative and a cooperative only. We show also that the cooperative form is particularly useful when the cost uncertainty is large and the net average revenue product is small.
Tipo: | Conference Paper or Presentation
Idioma: | Inglês

Identificador:

17714

http://purl.umn.edu/24476

Editor: | AgEcon Search

Relação:

European Association of Agricultural Economists&gt;2005 International Congress, August 23-27, 2005, Copenhagen, Denmark

Contributed Paper

Formato:

29

application/pdf