Nonoptimality Of A Simple And Common Method For Determining Patronage Refunds

George W. Ladd

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: It may help to avoid some confusion later by noting now that equation (1) is not a definition of patronage refund per unit of pro duct j. Equation (1) is a method of determining patronage refunds; other methods also exist. Two other methods of determining patronage refunds will be presented. These are not to be interpreted as recommended methods...

Date: 1975-04-01
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