Economic theories of nonprofits and agricultural cooperatives compared: New perspectives for nonprofit scholars

Vladislav Valentinov and Constantine Iliopoulos

EconStor Open Access Articles and Book Chapters, 2013, vol. 42, issue 1, 109-126

Abstract: This article explores the cross-fertilization potential that exists between the economic theory of agricultural cooperatives and that of nonprofit organizations. A number of central ideas in the agricultural cooperative theory are shown to generate two novel insights pertaining to the nonprofit economics literature. First, as with agricultural cooperatives, nonprofit organizations can be conceptualized not only as firms but also as service agencies and stakeholder coalitions. Second, the demand-side economic justification of nonprofit organizations, like that of agricultural cooperatives, likely includes reasons other than market failure. The article concludes by calling for research on how nonprofit economics can inform the theory of agricultural cooperatives.

Keywords: nonprofit economics; agricultural cooperative; stakeholder; market failure (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:195173

DOI: 10.1177/0899764012436399

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