Details

Autor(en) / Beteiligte

• Schamel, Günter

Titel

Guest Editor's Introduction to the Symposium: Organization and Performance of Cooperative Firms in the Wine Sector

Ist Teil von

• Journal of wine economics, 2018-08, Vol.13 (3), p.260-262

Ort / Verlag

New York, USA: Cambridge University Press

Erscheinungsjahr

2018

Link zum Volltext

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• Private wineries are non-integrated organizations where grape growers may contribute to the winemaking process and, therefore, exert more quality control over the production chain. The formal model illustrates how wine cooperatives as an integrated organizational form and private wineries as a non-integrated organization can coexist within a coordinated market equilibrium. Starting point of their article is the poor product quality and low reputation of cooperatives that the literature attributes to information asymmetries, leading to adverse selection and moral hazard, and a lack of profit orientation due to poorly specified and diluted property rights.