The Stubai Co-operative, founded in 1897 by several craftsmen and steel manufacturing companies located in the Tyrolean … comparably small Stubai Co-operative is able to challenge big players in the iron manufacturing industry, mainly from the US and … the Far East. The Co-operative combines long-lasting local industrial traditions with a process of advanced …

This paper develops a formal model of a cooperative enterprise which explains why cooperatives are present in such a … cooperative's outcomes with simple models of a vertically separated market of autonomous producers and of a centralized hierarchy … constellations, under which the cooperative outperforms the market and hierarchy forms of business organization. This article …

case of perfect competition, an outside owner achieves the first-best; a cooperative typically does not, because the rent …'s preferences may not reflect average preferences. Second, in the case where the members of a cooperative have common preference …