A Model of Cooperative Finance
针对合作社的独特特征，构建了一个以最大化成员税后总利润为目标的合作金融模型，通过数学和数值分析探讨了不同金融工具间的关系及多种情景下的结果。
Abstract The unique characteristics of cooperatives require they be analyzed differently from the more traditional noncooperative firm. A model of cooperative finance is developed that has the objective of maximizing the total, after‐tax profits of the cooperative member patrons. A mathematical analysis derives the relationships among the various financial instruments, and a numerical analysis derives results for a cooperative under various hypothesized scenarios. We suggest that a model incorporating the unique characteristics of cooperatives is the more appropriate tool for studying cooperative finance than is the noncooperative model.