| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
An Information Economic Rationale for Cooperatives
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| Autores: |
Boetoft, Peter
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| Data: |
2005-09-28
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| Ano: |
2005
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| Palavras-chave: |
Economics of cooperatives
Asymmetric information
Incentives
Rationing
Agribusiness
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| 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.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
17714
http://purl.umn.edu/24476
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| Editor: |
AgEcon Search
|
| Relação: |
European Association of Agricultural Economists>2005 International Congress, August 23-27, 2005, Copenhagen, Denmark
Contributed Paper
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| Formato: |
29
application/pdf
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