This article extends the standard theory of the producer cooperative firm to the case of production under condition of risk

Given that clustered firms in developing countries generally sell their goods through multinational firms, we seek to determine under what conditions might clustered surgical instrument firms band together and form a cooperative to “break out” of their relationship with multinational buyers...

This study attempts to investigate the impact of changes in bank governance on bank performance in Pakistan. Governance changes entail the privatization and restructuring of state-owned banks, and the merger and acquisition of private and foreign banks. Using the concept of frontier efficiency,...

The comparative analysis of productivity of the cooperative and capitalist forms of organization has been performed in different countries using various methodologies.In Spain, the Mondragon industrial cooperatives have been studied in depth; however, empirical research comparing the two forms...

Questo rapporto analizza la dimensione territoriale della produttività nelle cooperative italiane, segmento che esprime una quota relativamente ampia dell’occupazione nazionale. Le cooperative assolvono a un’importante funzione anticiclica nella creazione di occupazione durante le crisi....

This report explores the spatial dimension of productivity in the co-operatives of Italy, a country where they make up a relatively large share of total national employment. Co-operatives play a countercyclical role in job creation during crises. In a post-pandemic world, they could make a major...

This paper suggests a holistic framework for analysis of agrarian contracts and investigates the contractual structure in transitional Bulgarian agriculture. Firstly, it incorporates the interdisciplinary New Institutional and Transaction Costs Economics (combining Economics, Organization, Law,...

The paper presents a game-theoretic model in order to investigate to what extent an employee privatization program of a State owned firm can be feasible under certain assumptions concerning the players' objective functions and the market structure in which the firm operates. The public managers...

An argument often adopted to explain the relatively scarce presence of Producer Co-operatives (PCs) in Western capitalist economies is the instability that may affect this type of firm during the positive phases of the business cycle. In a nutshell the argument is that in profitable industries...

From an idealtypical perspective, an enterprise is social if it offers, with a binding commitment to governance, merit goods and services of the commons, using in a non-privatistic manner the most part of profits that may be obtained. This definition is discussed in relation to the...