When the threat of entry by followers includes cooperative firms, the maximum fixed cost that a profit maximizing leader can endure is endogenous. The aggressive strategy required for entry deterrence curtails the leader's expected profit and can discourage its initial entry. In such...

In general, economic conditions have favored Iowa as a premier livestock-producing state, but at the same time, government policies have worked against Iowa's livestock-feeding industries. The authors trace Iowa's dilemma as it must decide whether to become self-sufficient in feed, or be one of...