University of Wisconsin Center for Cooperatives
Journal of Agricultural Cooperation

Title A Comment on Phillips' "Economic Nature of the Cooperative Association"
Author(s) John M. Staatz
Series Volume 9
Issue Date 1994
Abstract Phillips formalized the view, expressed earlier by Nourse and others, of the cooperative as joint action by farmers to gain the benefits of vertical integration. Such a view has been at the heart of U.S. public policy toward cooperatives. Phillips' article, as one of the first attempts to model formally cooperative behavior, clarified many of the key questions that economists have subsequently debated as they have attempted to build improved models to analyze cooperative management and policy issues.

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