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competitive_advantages_of_cooperation [2017/04/22 15:45]
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competitive_advantages_of_cooperation [2017/12/09 00:46] (current)
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 ## Addressing market failure ## Addressing market failure
  
 +  * Delbono, Flavio (2017 lecture at University of Bologna) argues that, when supply and demand are out of balance, cooperatives tend to form on the weaker side; a strong demand, for instance, produces cooperatives on the supply side. Social cooperatives,​ however, organize both supply and demand, especially when there is not an adequate market mechanism for doing so.
   * Hueth (2014)   * Hueth (2014)
 +  * Mikami (2013)
   * Nourse (1922, 1942)   * Nourse (1922, 1942)
  
Line 17: Line 19:
  
 ## Community benefit ## Community benefit
 +
 +  * Zitger and Dilworth (2017): cooperatives can play a role in local community governance
 +
  
 ## Information sharing ## Information sharing
  
   * Banerjee et al (2004)   * Banerjee et al (2004)
-  * Bogetoft ​(2005), abstract"when marginal costs are uncorrelated,​ the market ​for final goods is competitive,​ and the market for processing is non-competitive,​ the socially optimal production levels are sustained by a cooperative and a cooperative only"+  * Blasi et al. (?): for ESOPs 
 +  * Bogetoft (2005)
   * Guinnane (2001)   * Guinnane (2001)
 +  * Mikami (2013)
  
 ## Leaner startup costs ## Leaner startup costs
Line 30: Line 37:
 ## Lower rates of failure ## Lower rates of failure
  
-  * See list in EP footnote +  * Blasi et al. (?): for ESOPs
-  * Credit union report+
   * Molk (2014), 941: "the limited empirical studies on cooperative ownership versus investor ownership performance generally suggest cooperatives have lower failure rather than comparable investor-owned rivals";​ later attributes this, possibly, to the greater difficulty of cooperative startups, weeding out inefficient models   * Molk (2014), 941: "the limited empirical studies on cooperative ownership versus investor ownership performance generally suggest cooperatives have lower failure rather than comparable investor-owned rivals";​ later attributes this, possibly, to the greater difficulty of cooperative startups, weeding out inefficient models
   * Pérotin (2016): "​Worker co-operatives survive at least as long as other businesses and have more stable employment"​   * Pérotin (2016): "​Worker co-operatives survive at least as long as other businesses and have more stable employment"​
 +
 +## Networking
 +
 +  * Menzani and Zamagni (2009): articulates four forms of cooperative networking that are largely unavailable to other business models
  
 ## Productivity benefits ## Productivity benefits
  
 +  * Blasi et al. (?): for ESOPs
 +  * Bogetoft (2005), abstract: "when marginal costs are uncorrelated,​ the market for final goods is competitive,​ and the market for processing is non-competitive,​ the socially optimal production levels are sustained by a cooperative and a cooperative only"
   * Molk (2014), 941: "​cooperatives broadly have higher measures of productivity than comparable investor-owned firms";​ later attributes this, possibly, to the greater difficulty of cooperative startups, weeding out inefficient models   * Molk (2014), 941: "​cooperatives broadly have higher measures of productivity than comparable investor-owned firms";​ later attributes this, possibly, to the greater difficulty of cooperative startups, weeding out inefficient models
   * Pérotin (2016): "​Worker cooperatives are more productive than conventional businesses, with staff working '​better and smarter'​ and production organised more efficiently"​   * Pérotin (2016): "​Worker cooperatives are more productive than conventional businesses, with staff working '​better and smarter'​ and production organised more efficiently"​
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 ## Resilience in economic hardship ## Resilience in economic hardship
  
 +  * Alves et al. (2016)
 +  * Blasi et al. (?): for ESOPs
 +  * Burdín and Dean (2009)
   * _Economist_ (2009): the perseverance of Mondragon during the recession   * _Economist_ (2009): the perseverance of Mondragon during the recession
  
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 ## Vertical integration ## Vertical integration
  
 +  * Menzani and Zamagni (2009): vertical networks
   * Molk (2014), 912: "At a basic level, all cooperatives accomplish vertical integration,​ coupling the firm with an upstream (supplier/​producer) or downstream (consumer) process. Because of this vertical integration,​ the cooperative captures the profits ordinarily accruing to the upstream or downstream process."​   * Molk (2014), 912: "At a basic level, all cooperatives accomplish vertical integration,​ coupling the firm with an upstream (supplier/​producer) or downstream (consumer) process. Because of this vertical integration,​ the cooperative captures the profits ordinarily accruing to the upstream or downstream process."​
  
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   * Albæk, Svend and Christian Schultz. "[On the relative advantage of cooperatives](https://​sciencedirect.com/​science/​article/​pii/​S0165176598000688)."​ _Economics Letters_ 59, no. 3, 1 (June 1998).   * Albæk, Svend and Christian Schultz. "[On the relative advantage of cooperatives](https://​sciencedirect.com/​science/​article/​pii/​S0165176598000688)."​ _Economics Letters_ 59, no. 3, 1 (June 1998).
 +  * Alves, Guillermo, Gabriel Burdín, and Andrés Deanc. "​[Workplace democracy and job flows](http://​www.sciencedirect.com/​science/​article/​pii/​S0147596715000797)."​ _Journal of Comparative Economics_ 44, no. 2 (May 2016).
 +  * Bain & Company. "​[Member Driven Strategies – Leveraging Cooperatives’ Competitive Advantage](https://​www.sommetinter.coop/​en/​virtual-library/​studies/​member-driven-strategies-leveraging-cooperatives-competitive-advantage)."​ Bain & Company, 2014.
   * Banerjee, Abhijit V., Timothy Besley, and Timothy W. Guinnane. "[Thy Neighbor'​s Keeper: The Design of a Credit Cooperative with Theory and a Test](https://​www.princeton.edu/​rpds/​papers/​Banerjee_Besley_Guinnane_Thy_Neighbors_Keeper_QJE1994.pdf)."​ _The Quarterly Journal of Economics_ 109, no. 2 (May, 1994).   * Banerjee, Abhijit V., Timothy Besley, and Timothy W. Guinnane. "[Thy Neighbor'​s Keeper: The Design of a Credit Cooperative with Theory and a Test](https://​www.princeton.edu/​rpds/​papers/​Banerjee_Besley_Guinnane_Thy_Neighbors_Keeper_QJE1994.pdf)."​ _The Quarterly Journal of Economics_ 109, no. 2 (May, 1994).
 +  * Blasi, Joseph R., Douglas L. Kruse and Richard B. Freeman. _[Having a Stake: Evidence and Implications for Broad-based Employee Stock Ownership and Profit Sharing](http://​www.thirdway.org/​report/​having-a-stake-evidence-and-implications-for-broad-based-employee-stock-ownership-and-profit-sharing)_. Third Way, ?.
   * Bogetoft, Peter. "[An information economic rationale for cooperatives](https://​www.researchgate.net/​publication/​5212251_An_information_economic_rationale_for_cooperatives)."​ _European Review of Agricultural Economics_ 32, no. 2 (February 2005).   * Bogetoft, Peter. "[An information economic rationale for cooperatives](https://​www.researchgate.net/​publication/​5212251_An_information_economic_rationale_for_cooperatives)."​ _European Review of Agricultural Economics_ 32, no. 2 (February 2005).
 +  * Burdín, Gabriel and Andrés Dean. "[New evidence on wages and employment in worker cooperatives compared with capitalist firms](http://​www.sciencedirect.com/​science/​article/​pii/​S0147596709000560)."​ _Journal of Comparative Economics_ 37, no. 4 (December 2009).
   * Dal Bó, Pedro. "​[Experimental Evidence on the Workings of Democratic Institutions](http://​www.econ.brown.edu/​Faculty/​Pedro_Dal_Bo/​institutionschapter.pdf)."​ Working paper (2010).   * Dal Bó, Pedro. "​[Experimental Evidence on the Workings of Democratic Institutions](http://​www.econ.brown.edu/​Faculty/​Pedro_Dal_Bo/​institutionschapter.pdf)."​ Working paper (2010).
   * _Economist_,​ "[All in this together: How is the co-operative model coping with the recession?​](http://​www.economist.com/​node/​13381546)"​ (March 26, 2009)   * _Economist_,​ "[All in this together: How is the co-operative model coping with the recession?​](http://​www.economist.com/​node/​13381546)"​ (March 26, 2009)
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   * Hueth, Brent. "​{{:​source:​hueth-missing_markets.pdf|Missing Markets and the Cooperative Firm}}."​ Toulouse ​ School ​ of  Economics, ​ Conference ​ on Producer Organizations (September 5-6, 2014).   * Hueth, Brent. "​{{:​source:​hueth-missing_markets.pdf|Missing Markets and the Cooperative Firm}}."​ Toulouse ​ School ​ of  Economics, ​ Conference ​ on Producer Organizations (September 5-6, 2014).
   * Markussen, Thomas, Louis Putterman, and Jean-Robert Tyran. "​[Self-Organization for Collective Action: An Experimental Study of Voting on Formal, Informal, and No Sanction Regimes](https://​papers.ssrn.com/​sol3/​papers.cfm?​abstract_id=1752268)."​ _The Review of Economic Studies_ 81, no. 1 (2014).   * Markussen, Thomas, Louis Putterman, and Jean-Robert Tyran. "​[Self-Organization for Collective Action: An Experimental Study of Voting on Formal, Informal, and No Sanction Regimes](https://​papers.ssrn.com/​sol3/​papers.cfm?​abstract_id=1752268)."​ _The Review of Economic Studies_ 81, no. 1 (2014).
-  * Bain & Company. "[Member Driven Strategies – Leveraging Cooperatives’ Competitive Advantage](https://​www.sommetinter.coop/​en/​virtual-library/​studies/​member-driven-strategies-leveraging-cooperatives-competitive-advantage)." ​Bain & Company2014.+  * Menzani, Tito and Vera Zamagni. "{{:source:​menzani-cooperative_networks.pdf|Co-operative Networks in the Italian Economy}}." ​_Enterprise and Society_ (2009). 
 +  * Mikami, Kazuhiko. _Enterprise Forms and Economic Efficiency: Capitalist, Cooperative and Government Firms_. Routledge2013.
   * Molk, Peter. "[The Puzzling Lack of Cooperatives](https://​papers.ssrn.com/​sol3/​papers.cfm?​abstract_id=2263480)."​ _Tulane Law Review_ 88 (2014).   * Molk, Peter. "[The Puzzling Lack of Cooperatives](https://​papers.ssrn.com/​sol3/​papers.cfm?​abstract_id=2263480)."​ _Tulane Law Review_ 88 (2014).
   * Nourse, E. G. "[The Economic Philosophy of Co-operation](https://​archive.org/​details/​jstor-1804796)."​ _The American Economic Review_ 12, no. 4 (December 1922).   * Nourse, E. G. "[The Economic Philosophy of Co-operation](https://​archive.org/​details/​jstor-1804796)."​ _The American Economic Review_ 12, no. 4 (December 1922).
   * Nourse, E. G. "The Place of the Cooperative in Our National Economy."​ _American Cooperation 1945_ (1942)   * Nourse, E. G. "The Place of the Cooperative in Our National Economy."​ _American Cooperation 1945_ (1942)
   * Pérotin, Virginie. _[What Do We Really Know About Worker Cooperatives?​](http://​www.uk.coop/​resources/​what-do-we-really-know-about-worker-co-operatives)_. Co-operatives UK, 2016.   * Pérotin, Virginie. _[What Do We Really Know About Worker Cooperatives?​](http://​www.uk.coop/​resources/​what-do-we-really-know-about-worker-co-operatives)_. Co-operatives UK, 2016.
 +  * Zitcer, Andrew and Richardson Dilworth. "​{{:​source:​zitcer-grocery_cooperatives.pdf|Grocery Cooperatives as Governing Institutions in Neighborhood Commercial Corridors}}."​ _Urban Affairs Review_ (2017).
  
 ## See also ## See also
  
   * Gordon Nembhard, Jessica. "[Fact Sheet: Benefits and Impacts of Cooperatives](http://​www.geo.coop/​story/​fact-sheet)."​ _Grassroots Economic Organizing_ 2, no. 18 (2014).   * Gordon Nembhard, Jessica. "[Fact Sheet: Benefits and Impacts of Cooperatives](http://​www.geo.coop/​story/​fact-sheet)."​ _Grassroots Economic Organizing_ 2, no. 18 (2014).