A Model of Cooperative Finance

John J. VanSickle and W. Ladd George

American Journal of Agricultural Economics, 1983, vol. 65, issue 2, 273-281

Abstract: The unique characteristics of cooperatives require they be analyzed differently from the more traditional noncooperative firm. A model of cooperative finance is developed that has the objective of maximizing the total, after-tax profits of the cooperative member patrons. A mathematical analysis derives the relationships among the various financial instruments, and a numerical analysis derives results for a cooperative under various hypothesized scenarios. We suggest that a model incorporating the unique characteristics of cooperatives is the more appropriate tool for studying cooperative finance than is the noncooperative model.

Date: 1983
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:65:y:1983:i:2:p:273-281.

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