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Explaining cooperative enterprises through knowledge acquisition outcomes


Dietl, Helmut; Duschl, Tobias; Grossmann, Martin; Lang, Markus (2013). Explaining cooperative enterprises through knowledge acquisition outcomes. Managerial and Decision Economics, 34(3-5):258-271.

Abstract

This paper develops a model of a cooperative enterprise and compares it to a vertically separated market. In our model of a multi-stage production process, agents can acquire costly knowledge to decrease production costs. Our model shows that the cooperative acquires less non-generalizable knowledge than the market, but more generalizable knowledge if the large member in the cooperative receives a sufficiently large share of the cooperative's profits. Additionally, we derive that the cooperative generates larger aggregate surplus than the market if the influence of generalizable knowledge on production costs is large.

Abstract

This paper develops a model of a cooperative enterprise and compares it to a vertically separated market. In our model of a multi-stage production process, agents can acquire costly knowledge to decrease production costs. Our model shows that the cooperative acquires less non-generalizable knowledge than the market, but more generalizable knowledge if the large member in the cooperative receives a sufficiently large share of the cooperative's profits. Additionally, we derive that the cooperative generates larger aggregate surplus than the market if the influence of generalizable knowledge on production costs is large.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Business Administration
Dewey Decimal Classification:330 Economics
Language:English
Date:2013
Deposited On:27 Feb 2014 16:34
Last Modified:16 Feb 2018 18:58
Publisher:Wiley-Blackwell
ISSN:0143-6570
Additional Information:forthcoming
OA Status:Closed
Publisher DOI:https://doi.org/10.1002/mde.2588
Other Identification Number:merlin-id:8876

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