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A multiproduct variable cost function was used to compare the efficiency of Midwestern cooperative and investor-oriented grain and farm supply firms. Results suggest that cooperatives are no less efficient in a variable cost sense than their investor-oriented counterparts. Concerning fixed input-variable cost elasticities, investor-oriented firms may be more effective in their use of plant and equipment, but cooperatives make more efficient use of other fixed inputs.

Subject(s): Agribusiness

Issue Date: 1992

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/46280 Published in: Journal of Agricultural Cooperation, Volume 07 Page range: 1-14

Total Pages: 14

Record appears in: National Council of Farmer Cooperatives > Journal of Agricultural Cooperation





Autor: Akridge, Jay T. ; Hertel, Thomas W.

Fuente: http://ageconsearch.umn.edu/record/46280?ln=en



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