An agricultural multipurpose service cooperative: Pareto optimality, price-tax solution, and stability

Eli Feinerman*, Meira S. Falkovitz

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

6 Scopus citations

Abstract

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.

Original languageEnglish
Pages (from-to)95-114
Number of pages20
JournalJournal of Comparative Economics
Volume15
Issue number1
DOIs
StatePublished - Mar 1991

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