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Nonoptimality Of A Simple And Common Method For Determining Patronage Refunds

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  • Ladd, George W.

Abstract

It may help to avoid some confusion later by noting now that equation (1) is not a definition of patronage refund per unit of pro duct j. Equation (1) is a method of determining patronage refunds; other methods also exist. Two other methods of determining patronage refunds will be presented. These are not to be interpreted as recommended methods...

Suggested Citation

  • Ladd, George W., 1975. "Nonoptimality Of A Simple And Common Method For Determining Patronage Refunds," ISU General Staff Papers 197504010700001007, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:197504010700001007
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