Turkey producers in Central Utah rely on the Moroni Feed Company, a highly integrated cooperative which replaced a declining sugar beet production of the 1930's. The cooperative's complete services now include everything from breeder flocks to processed turkey products, feed milling, field...

Taxes levied on production processes (e.g. VAT), are today a very important source of government revenues in developed economies. Theories of optimal taxation conclude that these taxes are detrimental to production efficiency, when firms operate in perfectly competitive markets. These theories...

In some cases spot markets failure to govern to whole or a part of the marketing channel effectively and contractual relations are gaining more importance. It is especially true in case of agricultural markets, since these markets became more differentiated and market players are vulnerable in...

This paper analyzes the impact of risk and ambiguity aversion - Knightian uncertainty - on the choice of optimal quality and timing of market entry in the agri-food sector. Irreversibility of the investment in product development is introduced in a continuous-time stochastic model applying the...

This study examines the motivation behind contracts and vertical integration in the pork industry, and simulates the effects of potential improvements in coordination. Incentives related to lowering costs of measuring and sorting hogs, and protecting against opportunistic behavior associated...

Pulse production in the United States has become geographically specific and concentrated, and the marketing channels for pulses have changed dramatically over the past 30 years. The most marked change has be~n the growth of large proprietary marketing firms which are vertically integrated as...