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- Title
Ownership Structure in Agrifood Chains: The Marketing Cooperative.
- Authors
Hendrikse, George; Bijman, Jos
- Abstract
Globalization, technological developments, and consumer concerns press farmers and food producers to enhance product innovation and to seek more efficient production and distribution structures. These changes in agrifood markets shift the relative importance of the investments by different chain partners. It may therefore be necessary to change the allocation of ownership of essential assets to induce agents to make those investments that generate the chain optimum. This article analyzes the impact of ownership structure on investments in a three-tier supply chain from an incomplete contracting perspective. Circumstances are determined in which a marketing cooperative is the unique first-best ownership structure.
- Subjects
MARKETING cooperatives; STOCK ownership; FOOD chains
- Publication
American Journal of Agricultural Economics, 2002, Vol 84, Issue 1, p104
- ISSN
0002-9092
- Publication type
Article
- DOI
10.1111/1467-8276.00246