A MODEL FOR THE SHORT-RUN PRODUCTION AND PRICING DECISIONS OF COOPERATIVE ASSOCIATIONS

Jeffrey S. Royer

No 279301, 1981 Annual Meeting, July 26-29, Clemson, South Carolina from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper presents a model of a cooperative that pays patronage refunds. The analysis is short-run in nature. Each patron, and the cooperative, has some fixed assets. Decisions on capital structure are assumed to have been made prior to this short-run analysis, and some of these decisions place constraints or impose parameters on the short-run analysis. It is assumed that the objective of the cooperative is to maximize total profits of all member patrons. The purpose of this paper is normative: to present an explanation of how a cooperative should operate if its objective is the one assumed here. The paper presents aTositive analysis of any cooperative that has as its objective the one assumed.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Pages: 28
Date: 1981-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea81:279301

DOI: 10.22004/ag.econ.279301

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