TY - JOUR
T1 - An agricultural multipurpose service cooperative
T2 - Pareto optimality, price-tax solution, and stability
AU - Feinerman, Eli
AU - Falkovitz, Meira S.
PY - 1991/3
Y1 - 1991/3
N2 - This paper analyzes the operation of an agricultural multipurpose service cooperative in which family farms are the producer-consumer economic units. The cooperative is aimed at maximizing the utility of its member-patrons. The cooperative provides services and sets prices, taxes, and usage restrictions in conformity with the individual's decision making rules. The cooperative can establish a mode of operation that will induce the individual members to behave in a manner compatible with the requirements for Pareto optimality. The economic stability of the cooperative cannot be guaranteed.
AB - This paper analyzes the operation of an agricultural multipurpose service cooperative in which family farms are the producer-consumer economic units. The cooperative is aimed at maximizing the utility of its member-patrons. The cooperative provides services and sets prices, taxes, and usage restrictions in conformity with the individual's decision making rules. The cooperative can establish a mode of operation that will induce the individual members to behave in a manner compatible with the requirements for Pareto optimality. The economic stability of the cooperative cannot be guaranteed.
UR - http://www.scopus.com/inward/record.url?scp=44949280778&partnerID=8YFLogxK
U2 - 10.1016/0147-5967(91)90107-5
DO - 10.1016/0147-5967(91)90107-5
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AN - SCOPUS:44949280778
SN - 0147-5967
VL - 15
SP - 95
EP - 114
JO - Journal of Comparative Economics
JF - Journal of Comparative Economics
IS - 1
ER -