Standard pricing practices are generally not efficient for a cooperative. Sexton (1986) suggests that membership fees/rebates can be used to facilitate efficient pricing, but such schemes may not be feasible because of membership heterogeneity and information asymmetries. In this paper a...

The study of international trade in agricultural products has developed rapidly over the past fifty years. In the 1960s the disarray in world agriculture caused by domestic price support policies became the focus of analytical studies. There followed attempts to measure the distortions caused by...