Abstract

http://ssrn.com/abstract=1806935
 
 

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Law and Peace: Contracts and the Success of the Danish Dairy Cooperatives


Ingrid Henriksen


University of Copenhagen - Department of Economics

Morten Hviid


University of East Anglia - Centre for Competition Policy (CCP)

Paul Richard Sharp


University of Southern Denmark - Department of Business and Economics

April, 11 2011

Univ. of Copenhagen Dept. of Economics Discussion Paper No. 11-11

Abstract:     
We consider the successful early emergence of cooperative creameries in Denmark in the late nineteenth century within the framework of the ‘new institutional economics’ presented by Williamson (2000). Previous work has focused on the social cohesion of the Danes, but we demonstrate that this was not sufficient for the success. The Danish legal system, which we compare to that of other countries, was also of crucial importance, along with the way in which rules were monitored and enforced. Of particular importance was the Danish cooperatives’ use of contracts, which we explore with evidence from a variety of primary and secondary sources.

Number of Pages in PDF File: 33

Keywords: cooperatives, creameries, contracts, new institutional economics

JEL Classification: K12, L31, N43, N53, Q13

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Date posted: April 13, 2011  

Suggested Citation

Henriksen, Ingrid and Hviid, Morten and Sharp, Paul Richard, Law and Peace: Contracts and the Success of the Danish Dairy Cooperatives (April, 11 2011). Univ. of Copenhagen Dept. of Economics Discussion Paper No. 11-11. Available at SSRN: http://ssrn.com/abstract=1806935 or http://dx.doi.org/10.2139/ssrn.1806935

Contact Information

Ingrid Henriksen (Contact Author)
University of Copenhagen - Department of Economics ( email )
Copenhagen University Library
Licenssekretariatet Nørre Alle 49
DK-2200 Copenhagen N.
Denmark
Morten Hviid
University of East Anglia - Centre for Competition Policy (CCP) ( email )
UEA
Norwich, Norfolk NR47TJ
United Kingdom
Paul Richard Sharp
University of Southern Denmark - Department of Business and Economics ( email )
DK-5230 Odense
Denmark
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