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Theoretical and empirical studies of producer cooperatives

Despite the increasing amount of resources devoted to empirical work on producer cooperatives (PCs), the need for panels of firm-level data for PC and conventional firm (CF) twins over a reasonable number of years remains a stumbling block. To support future empirical work, more resources should be... Full description

Journal Title: Journal of economic literature 1993-09-01, Vol.31 (3), p.1290
Main Author: Bonin, John P
Other Authors: Jones, Derek C , Putterman, Louis
Format: Electronic Article Electronic Article
Language: English
Subjects:
Publisher: Nashville: American Economic Association
ID: ISSN: 0022-0515
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recordid: cdi_proquest_journals_213172572
title: Theoretical and empirical studies of producer cooperatives
format: Article
creator:
  • Bonin, John P
  • Jones, Derek C
  • Putterman, Louis
subjects:
  • Coffeehouses
  • Cooperatives
  • Economic theory
  • Economics
  • Employment
  • Production cooperatives
  • Studies
ispartof: Journal of economic literature, 1993-09-01, Vol.31 (3), p.1290
description: Despite the increasing amount of resources devoted to empirical work on producer cooperatives (PCs), the need for panels of firm-level data for PC and conventional firm (CF) twins over a reasonable number of years remains a stumbling block. To support future empirical work, more resources should be devoted both to data collection and to theoretical work informed by factual knowledge of existing PC forms. To identify the next steps in bringing the 2 forms closer for each topic, an analysis applies the 3 properties of an ideal empirical experiment: 1. isolation of the characteristic of interest, 2. proper measurement of the important variables, and 3. testing hypotheses from well-specified theoretical models. The evidence indicates that PCs maintain stable employment and output in the face of variations in output price. If PCs offer relatively stable employment, then the return to labor must be more flexible and more reflective of product market conditions than the relatively stable wage paid in the CF.
language: eng
source:
identifier: ISSN: 0022-0515
fulltext: no_fulltext
issn:
  • 0022-0515
  • 2328-8175
url: Link


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descriptionDespite the increasing amount of resources devoted to empirical work on producer cooperatives (PCs), the need for panels of firm-level data for PC and conventional firm (CF) twins over a reasonable number of years remains a stumbling block. To support future empirical work, more resources should be devoted both to data collection and to theoretical work informed by factual knowledge of existing PC forms. To identify the next steps in bringing the 2 forms closer for each topic, an analysis applies the 3 properties of an ideal empirical experiment: 1. isolation of the characteristic of interest, 2. proper measurement of the important variables, and 3. testing hypotheses from well-specified theoretical models. The evidence indicates that PCs maintain stable employment and output in the face of variations in output price. If PCs offer relatively stable employment, then the return to labor must be more flexible and more reflective of product market conditions than the relatively stable wage paid in the CF.
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abstractDespite the increasing amount of resources devoted to empirical work on producer cooperatives (PCs), the need for panels of firm-level data for PC and conventional firm (CF) twins over a reasonable number of years remains a stumbling block. To support future empirical work, more resources should be devoted both to data collection and to theoretical work informed by factual knowledge of existing PC forms. To identify the next steps in bringing the 2 forms closer for each topic, an analysis applies the 3 properties of an ideal empirical experiment: 1. isolation of the characteristic of interest, 2. proper measurement of the important variables, and 3. testing hypotheses from well-specified theoretical models. The evidence indicates that PCs maintain stable employment and output in the face of variations in output price. If PCs offer relatively stable employment, then the return to labor must be more flexible and more reflective of product market conditions than the relatively stable wage paid in the CF.
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