An Information Economic Rationale for Cooperatives
| dc.creator | Boetoft, Peter | |
| dc.date | 2017-04-01T20:19:14Z | |
| dc.date.accessioned | 2026-07-09T03:47:17Z | |
| dc.description | 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. | |
| dc.identifier | doi:10.22004/ag.econ.24476 | |
| dc.identifier | https://ageconsearch.umn.edu/record/24476/files/cp05bo03.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/24476 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/539897 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/24476 | |
| dc.title | An Information Economic Rationale for Cooperatives | |
| dc.type | Text |