Rent Sharing in Multi-Site Hog Production

A firm-level model of three-site hog production is used compare a franchise organizational structure to a three-firm alliance. The results of the simulations imply that the franchise system is better equipped to mitigate underproduction in the nursery and finishing units, the nursery and finishing u...

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Bibliographische Detailangaben
Veröffentlicht in:	American journal of agricultural economics 2000-02, Vol.82 (1), p.25-37
Hauptverfasser:	Cozzarin, Brian P., Westgren, Randall E.
Format:	Artikel
Sprache:	eng
Schlagworte:	Agricultural economics alliance Alliances Breeding Capital costs Competitive advantage Costs Efficiency Farming Farrowing franchise Franchise agreements Franchisees Franchises Franchising Hogs L230 Loan payments Moral hazard Pregnancy Production costs Production planning Property rights Q120 Simulation Strategic management Swine theories of the firm Vertical integration
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