SOME TESTS OF THE ECONOMIC THEORY OF COOPERATIVES: METHODOLOGY AND APPLICATION TO COTTON GINNING

Little progress has been made in testing the often conflicting hypotheses generated from theoretical research on cooperatives. This paper addresses the deficiency by describing and applying (to California cotton ginning cooperatives) a methodology to test key hypotheses concerning (a) cooperatives' price-output equilibrium, (b) allocative efficiency, and (c) utilization of capital inputs. The empirical results (a) are consistent with predictions from the game theory model of cooperative behavior, (b) reject the null hypothesis of absolute allocative efficiency, and (c) indicate absolute overutilization of capital inputs among the sample cooperatives.


Issue Date:
1989-07
Publication Type:
Journal Article
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/32455
PURL Identifier:
http://purl.umn.edu/32455
Published in:
Western Journal of Agricultural Economics, 14, 1
Page range:
56-66
Total Pages:
11




 Record created 2017-04-01, last modified 2020-10-28

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