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Collective Entrepreneurship: An Emerging Phenomenon in Producer-Owned Organizations

Published online by Cambridge University Press:  09 September 2016

Michael L. Cook  and
Brad Plunkett
Michael L. Cook
Affiliation:
Division of Applied Social Sciences, University of Missouri-Columbia
Brad Plunkett
Affiliation:
Department of Agriculture, Western Australia, Australia
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Abstract

This paper introduces and defines the concept of collective entrepreneurship. A review of the defensive single-level rent-seeking objective of traditional agricultural cooperatives is introduced followed by an analysis of recent studies documenting a shift in the objective functions of producers jointly integrating toward more multiple-level rent-seeking entities. This process of shifting from market failure-ameliorating collective action mechanisms toward rent-seeking group action organizations is labeled collective entrepreneurship. The justification for introducing this concept is based on the Olsonian premise that rational, self-interested individuals will not act to achieve their common or group interests without coercion or selective incentives.

Keywords

agricultural cooperativesentrepreneurshipD23D72Q13
Type
Invited Paper Sessions
Information
Journal of Agricultural and Applied Economics , Volume 38 , Issue 2 , August 2006 , pp. 421 - 428
Copyright
Copyright © Southern Agricultural Economics Association 2006

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