In this paper we analyze the factors that determine the emergence of new generation cooperatives using the formation and structure of the Danish potato starch cooperative KMC as a historical example. The transaction cost framework has been used in order to analyze how actors chose among...

This paper explores an on-the-job search model with wage bargaining and mismatch. It considers two types of jobs and workers, and the instantaneous value of the job-worker match depends on their type. The most important assumption is that while the job type is fixed throughout its life, the...