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 …

The paper uses the farm problem theory as the framework for comparative analysis of cooperative, market and …

asymmetric information and investment-related transaction costs several of the new co-operative firms have also included the …

.This organizational model is of large cooperative companies that are networks of small cooperative self-governing teams, where these teams … are no large cooperatives.Cooperatives’ current business models and some new cooperative business models are described …

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 …