A Model of a Bargaining Cooperative

George W. Ladd

American Journal of Agricultural Economics, 1974, vol. 56, issue 3, 509-519

Abstract: This paper analyzes behavior of a cooperative of raw material producers. The cooperative sells a production input to producers, provides a "free" service to members, and bargains with processors for raw material price. One analysis assumes the cooperative's objective is maximization of the raw material price received by members. Another assumes the objective is maximization of quantity marketed through the cooperative. The cooperative has three instruments to manipulate to attain its objective. First-order maximization conditions for the two objectives are quite different from each other and from "marginal cost equals marginal revenue" conditions.

Date: 1974
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