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The Theory Of Agricultural Cooperatives: A Neoclassical Primer, Jeffrey S. Royer

Department of Agricultural Economics: Faculty Publications

This monograph provides an introduction to the neoclassical theory of agricultural cooperatives. The neoclassical theory of cooperatives 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. This monograph describes the application of neoclassical theory to farm supply and marketing cooperatives within various market structures in both the short and long run. Topics covered include the stability of cooperative price and output solutions, strategies for reducing the cost of producing a farm input sold to members and for raising …