Nonoptimality Of A Simple And Common Method For Determining Patronage Refunds

Date
1975-04-01
Authors
Ladd, George
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Altmetrics
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Economics
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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...

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