Cooperatives and Payment Schemes -- Content -- Preface -- Guidance for readers -- 1 Summary -- 1.1 The Danish pig industry as an example -- 1.2 The theoretical challenge -- 1.3 The practical challenge -- 1.4 The criteria -- 1.5 Payment schemes -- 1.6 Multiple-criteria evaluation -- 1.7 Conclusion -- 2 Cooperatives -- 2.1 What is a cooperative -- 2.2 Traditional cooperatives -- 2.3 New Generation Cooperatives (NGCs) -- 2.4 General problems of cooperative ownership -- 2.5 Coordination and motivation -- 2.6 The literature on cooperatives -- 2.7 Case: The Danish pig industry -- 2.8 Conclusions -- 3 Economic objectives and conditions -- 3.1 Efficiency -- 3.2 Equality and the integrated profit -- 3.3 Technical applicability -- 3.4 Balanced budget -- 3.5 Individual incentives -- 3.6 Group Incentives -- 3.7 Robustness and dynamics -- 3.8 Holistic evaluations -- 3.9 Conclusions -- 4 Single product payment schemes -- 4.1 Technologies and markets -- 4.2 The traditional payment scheme -- 4.3 The wise chairman's solution -- 4.4 Production of special pigs - an example -- 4.5 Optimal, under- or over-production -- 4.6 The problem of over-production and some possible solutions -- 4.7 Balanced budget and the allocation of profits and losses -- 4.8 Fair and 'natural' profit allocations -- 4.9 Information needs -- 4.10 Summary -- 5 Multi product payment schemes -- 5.1 A general example -- 5.2 National pricing system: Equal gross margins -- 5.3 Payment scheme for piglets: Equal returns on capital -- 5.4 The premium-pig system: Quota and premium products -- 5.5 The ACA (Alternate Cost Avoidance) method -- 5.6 Nucleolus -- 5.7 Shapley -- 5.8 Summary -- References -- Glossary -- Index.