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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.
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Papers that cite the same references — the relational fallback while embeddings are still backfilling.
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