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 … advantages of cooperatives in the market-hierarchy continuum …

-oriented firms. As market conditions for food products have changed in recent decades, the question is raised whether co … asymmetric information and investment-related transaction costs several of the new co-operative firms have also included the …

The paper uses the farm problem theory as the framework for comparative analysis of cooperative, market and … approach, the farm problem is the outcome of inappropriateness of hierarchical and market organization for effective … and market types of economic organization …

case of perfect competition, an outside owner achieves the first-best; a cooperative typically does not, because the rent … from any cost advantage relative to the market is used to shield members from competitive pressure, and the median voter …'s preferences may not reflect average preferences. Second, in the case where the members of a cooperative have common preference …

ethnographic work, namely, 1 year of participant observation as a factory worker, which I conducted within a French co-operative … sheet-metal factory. Pondering the presence within the co-operative of seemingly powerless chiefs, I draw on the works of … effort to prevent chiefs from being chiefs'. Three types of day-to-day practices appear to be central for members of the co-operative …