Managerial Economics of Vertically Coordinated Agricultural Firms
نویسندگان
چکیده
منابع مشابه
Environmental Regulation in Vertically Coordinated Industries
This research was supported by the U.S Department of Agriculture National Research Initiative Competitive Grants Program under Cooperative Agreement No. 99354007797. We are grateful to Bob Chambers, Ethan Ligon, Tigran Melkonyan, David Zilberman, and seminar participants at Columbia University, the University of California-Berkeley, and the University of Texas-Dallas for their comments and sugg...
متن کاملPark Environmental Regulation in Vertically Coordinated Industries
Many notable pollution problems occur in industries where production is carried out under vertical coordination arrangements that are characterized by conditions of double moral hazard. In contrast to situations characterized by full informatio n, we show that standard prescriptions of environmental economics do not apply. Imposing a Pigouvian tax equal to the marginal cost of pollution does no...
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We show that vertical integration decisions of managers may affect adversely consumers even in the absence of monopoly power in either supply or product markets. This effect is most likely to come about when demand is initially high and there is a negative supply shock or when demand is low and there is a positive demand shock. The results are robust to the introduction of active shareholders a...
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ژورنال
عنوان ژورنال: American Journal of Agricultural Economics
سال: 1992
ISSN: 0002-9092,1467-8276
DOI: 10.2307/1242792