STRUCTURAL CHARACTERISTICS OF AGRICULTURAL CO-OPERATIVES IN BRITAIN

The theory of the behaviour of the co-operative firm has greatly advanced in recent years though this has not been accompanied by a major resurgence of empirical study. This paper is aimed at a basic investigation of some of the structural features of the British cooperative movement over the period 1975-82. Using various concentration measures familiar in industrial economics it draws a sharp contrast between the requisite and marketing sides. It then focuses on economies of scale using Stigler's survivor technique concluding that there is little evidence of their existence in either sector. Diversification of activity is also considered, where again a contrast is evident. The paper concludes with a note on the policy relevance of the analysis.