Optimal Market Pools for Agricultural Cooperatives
梳理了农业营销合作社的多种池化选项，并构建了识别个体与集体最优池化规则的框架，发现个体选择因农场类型和风险厌恶程度而异，而集体最优规则对风险厌恶假设不敏感。
Abstract Most agricultural marketing cooperatives distribute members' net revenues on a pool basis. The present paper outlines various pool options and provides a framework for identifying privately and collectively optimal pooling rules. Individual members' pool choices are found to vary according to farm enterprise and risk aversion level. A collectively optimal rule depends generally on risk aversion and on the method used to aggregate individuals' expressed preferences. In the instance examined here, however, the collective optimum is somewhat insensitive to assumed risk aversion.