TY  - EJOUR
AB  - The theory of the firm contained in most textbooks is inadequate for understanding the economic behavior of cooperatives because some assertions about firm behavior, such as profit maximization, may be inappropriate for cooperatives. This article provides an introduction to the neoclassical theory of cooperatives, which has been useful for generating insights into the behavior of cooperatives in various market structures, helping cooperatives develop business strategies consistent with their objectives, and informing public policy decisions concerning cooperatives. Part I of this article presents the basic elements of the neoclassical theory as it pertains to farm supply cooperatives.
AU  - Royer, Jeffrey S.
DA  - 2014
DA  - 2014
DO  - 10.22004/ag.econ.244008
DO  - doi
EP  - 19
EP  - 1
ID  - 244008
JF  - Journal of Cooperatives
KW  - Industrial Organization
KW  - Marketing
KW  - Public Economics
KW  - Cooperatives
KW  - farm supply cooperatives
KW  - neoclassical theory
KW  - objectives
KW  - strategies
KW  - equilibria
L1  - https://ageconsearch.umn.edu/record/244008/files/PARTI_FINALVERSION.pdf
L2  - https://ageconsearch.umn.edu/record/244008/files/PARTI_FINALVERSION.pdf
L4  - https://ageconsearch.umn.edu/record/244008/files/PARTI_FINALVERSION.pdf
LA  - eng
LK  - https://ageconsearch.umn.edu/record/244008/files/PARTI_FINALVERSION.pdf
N2  - The theory of the firm contained in most textbooks is inadequate for understanding the economic behavior of cooperatives because some assertions about firm behavior, such as profit maximization, may be inappropriate for cooperatives. This article provides an introduction to the neoclassical theory of cooperatives, which has been useful for generating insights into the behavior of cooperatives in various market structures, helping cooperatives develop business strategies consistent with their objectives, and informing public policy decisions concerning cooperatives. Part I of this article presents the basic elements of the neoclassical theory as it pertains to farm supply cooperatives.
PY  - 2014
PY  - 2014
SP  - 1
T1  - The Neoclassical Theory of Cooperatives: Part I
TI  - The Neoclassical Theory of Cooperatives: Part I
UR  - https://ageconsearch.umn.edu/record/244008/files/PARTI_FINALVERSION.pdf
VL  - 28
Y1  - 2014
T2  - Journal of Cooperatives
ER  -