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Property Rights Problems in Agricultural Cooperatives: A Heterodox Institutionalist Perspective


  • Valentinov, Vladislav
  • Iliopoulos, Constantine


New institutional economists have identified a number of property rights problems in agricultural cooperatives. This paper reconsiders these problems from the perspective of heterodox institutionalist economics in the tradition of Veblen and Ayres. The property rights problems of agricultural cooperatives seemingly reinforce the new institutional economics presumption of the superiority of fully delineated private ownership. In contrast, the paper shows these problems to be likewise consistent with the heterodox institutionalist school, which is much more reserved about the societal role of private ownership. Toward this end, the paper elaborates the logical structure of the so-called “institutionalist dichotomy†. The property rights problems of agricultural cooperatives are explained as a particular manifestation of this dichotomy. die ländlichen Genossenschaften unter mehreren eigentumsrechtlichen Problemen. Dieser Aufsatz betrachtet diese Probleme unter dem Blickwinkel der heterodoxen institutionenökonomischen Theorie von Veblen und Ayres. Einerseits bestätigen die genannten Probleme die Annahme der neuen Institutionenökonomik über die Überlegenheit des vollständig definierten privaten Eigentums über andere Eigentumsregimes. Dieser Aufsatz zeigt jedoch, dass sich die betrachteten eigentumsrechtlichen Probleme auch aus der Sicht der heterodoxen institutionalistischen Schule rekonstruieren lassen, deren Einstellung zum privaten Eigentum wesentlich zurückhaltender ist. Dazu arbeitet der Aufsatz die logische Struktur der sogenannten „institutionalistischen Dichotomie“ heraus und erklärt die eigentumsrechtlichen Probleme der ländlichen Genossenschaften als eine Erscheinungsform dieser Dichotomie.

Suggested Citation

  • Valentinov, Vladislav & Iliopoulos, Constantine, 2012. "Property Rights Problems in Agricultural Cooperatives: A Heterodox Institutionalist Perspective," Journal of International Agricultural Trade and Development, Journal of International Agricultural Trade and Development, vol. 61(3).
  • Handle: RePEc:ags:joiatd:199776

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    References listed on IDEAS

    1. Alchian, Armen A & Demsetz, Harold, 1972. "Production , Information Costs, and Economic Organization," American Economic Review, American Economic Association, vol. 62(5), pages 777-795, December.
    2. Valentinov, Vladislav & Fritzsch, Jana, 2007. "Are Cooperatives Hybrid Organizations? An Alternative Viewpoint," Journal of Rural Cooperation, Hebrew University, Center for Agricultural Economic Research, vol. 35(2).
    3. Robin M. Cross & Steven T. Buccola & Enrique A. Thomann, 2009. "Cooperative liquidation under competitive stress," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 36(3), pages 369-393, September.
    4. Fabio R. Chaddad & Michael L. Cook, 2004. "Understanding New Cooperative Models: An Ownership–Control Rights Typology," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 26(3), pages 348-360.
    5. Hagedorn, Konrad & Beckmann, Volker, 2010. "Institutionen der Nachhaltigkeit – Der Nobelpreis für Wirtschaft 2009 und seine Bedeutung für die Agrarökonomie," Journal of International Agricultural Trade and Development, Journal of International Agricultural Trade and Development, vol. 59(1).
    6. Valentinov, Vladislav, 2007. "Why are cooperatives important in agriculture? An organizational economics perspective," Journal of Institutional Economics, Cambridge University Press, vol. 3(01), pages 55-69, April.
    7. Claude Ménard, 2004. "The Economics of Hybrid Organizations," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 160(3), pages 345-345, September.
    8. Porter, Philip K & Scully, Gerald W, 1987. "Economic Efficiency in Cooperatives," Journal of Law and Economics, University of Chicago Press, vol. 30(2), pages 489-512, October.
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    Cited by:

    1. Ermanno C. Tortia & Vladislav Valentinov & Constantine Iliopoulos, 2013. "Agricultural cooperatives," Journal of Entrepreneurial and Organizational Diversity, European Research Institute on Cooperative and Social Enterprises, vol. 2(1), pages 23-36, May.
    2. Carías Vega, Dora E. & Keenan, Rodney J., 2016. "Situating community forestry enterprises within New Institutional Economic theory: What are the implications for their organization?," Journal of Forest Economics, Elsevier, vol. 25(C), pages 1-13.
    3. Valentinov, Vladislav & Hielscher, Stefan & Pies, Ingo, 2015. "Nonprofit organizations, institutional economics, and systems thinking," Economic Systems, Elsevier, vol. 39(3), pages 491-501.
    4. Valentinov, Vladislav, 2015. "From equilibrium to autopoiesis: A Luhmannian reading of Veblenian evolutionary economics," Economic Systems, Elsevier, vol. 39(1), pages 143-155.


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