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Tirole, Jean
, Moisson, Paul-Henri and Dubois, Pierre
(2023)
The (Ir)Relevance of the Cooperative Form.
TSE Working Paper, n. 23-1453, Toulouse
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Official URL : http://tse-fr.eu/pub/128186
Abstract
It is puzzling that cooperatives, which stand for the interests of their users, do not occupy more space in the market for corporate forms. This paper unveils a new impediment to their formation. It shows that equilibrium free-riding handicaps cooperatives in their competition with alternative institutions, notably the for-profits. The irrelevance of cooperatives is a remarkably robust result. The paper then analyzes desirable government interventions in the corporate market.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Language: | English |
| Date: | June 2023 |
| Place of Publication: | Toulouse |
| Uncontrolled Keywords: | Cooperatives, free-riding, competing corporate forms |
| JEL Classification: | D23 - Organizational Behavior; Transaction Costs; Property Rights D71 - Social Choice; Clubs; Committees; Associations D8 - Information, Knowledge, and Uncertainty L22 - Firm Organization and Market Structure - Markets vs. Hierarchies; Vertical Integration; Conglomerates; Subsidiaries |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Institution: | Université Toulouse Capitole |
| Site: | UT1 |
| Date Deposited: | 12 Jul 2023 10:21 |
| Last Modified: | 20 Feb 2024 14:33 |
| OAI Identifier: | oai:tse-fr.eu:128186 |
| URI: | https://publications.ut-capitole.fr/id/eprint/48072 |
