This thesis studies the efficiency of the marketing co-operative for carrying out transactions with farm products. A co-operative is a special type of governance structure, characterised by collective ownership and forward vertical integration. These characteristics influence investment decisions by farmers and other firms in the agrifood chain. As vertical co-ordination has become more important in agrifood markets, investments in production and marketing become co-specialised. The main question is whether the farmerowned co-operative induces optimal incentives for complementary investments in two (or more) stages of the chain. The empirical research focuses on the Dutch fruit and vegetable industry.

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Erasmus University Rotterdam. Promotor: Prof.dr. G.W.J. Hendrikse. Other members: H.W.G.M. van Heck, Prof.dr. B. Krug, Prof.dr. C.P. Veerman
Erasmus University Rotterdam
ERIM Ph.D. Series Research in Management
Erasmus Research Institute of Management