Cooperatives and payment schemes : lessons from theory and examples from Danish agriculture / Peter Bogetoft & Henrik B. Olesen.

Format:

Book

Author/Creator:

Bogetoft, Peter.

Language:

English

Subjects (All):

Agriculture, Cooperative--Denmark.

Agriculture, Cooperative.

Payment--Denmark.

Payment.

Physical Description:

1 online resource (245 p.)

Edition:

1st ed.

Place of Publication:

Copenhagen : Copenhagen Business School, 2007.

Language Note:

English

Summary:

Cooperatives and cooperative payment schemes, cost, and profit sharing rules are found in all sectors of society - including law and consultancy, insurance and finance, health, housing, utility, and, of course, agriculture. This book develops an economic framework for assessing different cooperative payment schemes. First, a number of relevant criteria (properties) are defined, then the book analyzes how well different schemes fulfill these criteria under alternative production and market conditions. The book is aimed at professionals involved in the design and use of payment schemes, as well as students and researchers at universities. The book includes a number of practical examples from the agro-industrial sector. The criteria and schemes are also illustrated with simple numerical examples and graphics. For the more technically minded, there are specially highlighted sections containing formalized mathematical presentations.

Contents:

Cooperatives and Payment Schemes

Content

Preface

Guidance for readers

1 Summary

1.1 The Danish pig industry as an example

1.2 The theoretical challenge

1.3 The practical challenge

1.4 The criteria

1.5 Payment schemes

1.6 Multiple-criteria evaluation

1.7 Conclusion

2 Cooperatives

2.1 What is a cooperative

2.2 Traditional cooperatives

2.3 New Generation Cooperatives (NGCs)

2.4 General problems of cooperative ownership

2.5 Coordination and motivation

2.6 The literature on cooperatives

2.7 Case: The Danish pig industry

2.8 Conclusions

3 Economic objectives and conditions

3.1 Efficiency

3.2 Equality and the integrated profit

3.3 Technical applicability

3.4 Balanced budget

3.5 Individual incentives

3.6 Group Incentives

3.7 Robustness and dynamics

3.8 Holistic evaluations

3.9 Conclusions

4 Single product payment schemes

4.1 Technologies and markets

4.2 The traditional payment scheme

4.3 The wise chairman's solution

4.4 Production of special pigs - an example

4.5 Optimal, under- or over-production

4.6 The problem of over-production and some possible solutions

4.7 Balanced budget and the allocation of profits and losses

4.8 Fair and 'natural' profit allocations

4.9 Information needs

4.10 Summary

5 Multi product payment schemes

5.1 A general example

5.2 National pricing system: Equal gross margins

5.3 Payment scheme for piglets: Equal returns on capital

5.4 The premium-pig system: Quota and premium products

5.5 The ACA (Alternate Cost Avoidance) method

5.6 Nucleolus

5.7 Shapley

5.8 Summary

References

Glossary

Index.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references (p. [229]-236).

ISBN:

87-630-9986-1

OCLC:

769016303