This paper develops a sequential game theoretic model of heterogeneous producers to examine the effect of co-operative involvement on innovation activity in the agricultural input-supplying sector. Analytical results show that the co-operative involvement in R&D can be welfare enhancing and,...

This effects of food safety issues on food and agribusiness firm financial risk and return are quantitatively examined using a Bayesian switching model. A capital asset pricing model is estimated to examine the pre- and post-issue on the firm. In addition, the diffusion process on other firms in...

This study develops a model for the financial portfolio allocations of small businesses and identifies the financial decisions of small agribusiness firms to develop optimal portfolio strategies. We will compare the performance of two econometric models in identifying firm and owner...

This paper examines the market and welfare effects of cooperative involvement in cost-reducing process innovation activity in the context of a mixed oligopsony where an open-membership marketing co-op competes with an IOF. The presence of the marketing co-op is shown to result in increased...

Insect infestation during storage and processing causes millions of dollars of wheat damage annually in the United States. Insect infestation reduces wheat storing processing profit as well as consumer confidence in wheat food products. Meanwhile, increased concerns about insecticide use have...

This research evaluates the effects of entry by supercenters and warehouse clubs on retail grocery sales and the exit of small supermarkets. Drawing on literature from trade area analysis, agglomeration, and location theory, spatial econometric models are estimated. Results suggest that...

Many Nicaraguan peasants remain members in agricultural production cooperatives despite the change in the policy environment that now supports parcellation of cooperative lands into individual holdings. Institutional factors, such as uncertainty of land ownership rights and difficulties with...

Previous cooperative governance literature has relied primarily on qualitative data to recommend change. Using data provided by the USDA-Rural Business and Cooperative Services Agency (RBS) and collected from cooperative top managers we find statistical evidence that various board of director...

The study develops a county-level spatial lag model that analyzes factors affecting location and production of the U.S. broiler industry. The spatial lag coefficient was found to be positive and significant in the model indicating spatial dependency of the geographically concentrated U.S....

We use historical variation in the market share of agricultural cooperatives to examine the nature of the cooperative firm. Our data include the share of sectoral output accounted for by cooperative firms across 15 commodity sectors during the period 1930-2002. We test a simple financial...