Cooperative and Investor-Oriented Firm Efficiency: A Multiproduct Analysis
Jay Akridge and
Thomas Hertel ()
Journal of Agricultural Cooperation, 1992, vol. 07, 14
A multiproduct variable cost function was used to compare the efficiency of Midwestern cooperative and investor-oriented grain and farm supply firms. Results suggest that cooperatives are no less efficient in a variable cost sense than their investor-oriented counterparts. Concerning fixed input-variable cost elasticities, investor-oriented firms may be more effective in their use of plant and equipment, but cooperatives make more efficient use of other fixed inputs.
Keywords: Agribusiness (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joagco:46280
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