In this paper, we analyse the nature of the relationship between market power and technical efficiency for producers’ cooperatives. More specifically we test two hypotheses: first, we evaluate the extent to which increasing market pressure may help producers’ cooperatives to improve technical efficiency to guarantee positive profits; second, we test whether higher technical efficiency induces producers’ cooperatives to have a larger market share. These hypotheses are tested on a sample of Italian conventional and cooperative firms for the Wine Production and Processing sector, using both frontier analysis and dynamic panel techniques. The results support the hypothesis that increasing market pressure can affect positively the cooperatives´ efficiency, while gains in technical efficiency do not seem to have any impact on the cooperatives’ market share.
Is competition really bad news for cooperatives? Some empirical evidence for Italian cooperatives / Maietta, ORNELLA WANDA; V., Sena. - In: JOURNAL OF PRODUCTIVITY ANALYSIS. - ISSN 0895-562X. - STAMPA. - 29:3(2008), pp. 221-233. [10.1007/s11123-008-0100-z]
Is competition really bad news for cooperatives? Some empirical evidence for Italian cooperatives
MAIETTA, ORNELLA WANDA;
2008
Abstract
In this paper, we analyse the nature of the relationship between market power and technical efficiency for producers’ cooperatives. More specifically we test two hypotheses: first, we evaluate the extent to which increasing market pressure may help producers’ cooperatives to improve technical efficiency to guarantee positive profits; second, we test whether higher technical efficiency induces producers’ cooperatives to have a larger market share. These hypotheses are tested on a sample of Italian conventional and cooperative firms for the Wine Production and Processing sector, using both frontier analysis and dynamic panel techniques. The results support the hypothesis that increasing market pressure can affect positively the cooperatives´ efficiency, while gains in technical efficiency do not seem to have any impact on the cooperatives’ market share.File | Dimensione | Formato | |
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