Cooperative stability under stochastic quality and farmer heterogeneity
研究了在产品质量随机且农民能力不同的情况下，收入共享的合作社如何吸引高质量生产者加入并保持稳定，分析了有利于合作社形成的生产者和市场特征。
Many cooperatives and related organisations use revenue pooling wherein products across multiple quality levels are commingled. Recent work showed that pooling ensures farmers against risks due to stochastic product quality and counteracts farmers' tendency to overproduce high-quality product. We extend their analysis to incorporate farmers who are heterogeneous in ability to produce high-quality products. We show that the revenue-pooling benefits of cooperation may be sufficient to cause high-quality producers to join a cooperative and pool revenues, at least partially, with lower-quality producers. We explore the producer and market characteristics conducive to the emergence of stable revenue-pooling cooperatives.