Law and Peace: Contracts and the Success of the Danish Dairy Cooperatives
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Law and Peace : Contracts and the Success of the Danish Dairy Cooperatives. / Henriksen, Ingrid; Hviid , Morten; Sharp, Paul Richard.
Department of Economics, University of Copenhagen, 2011.Research output: Working paper › Research
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TY - UNPB
T1 - Law and Peace
T2 - Contracts and the Success of the Danish Dairy Cooperatives
AU - Henriksen, Ingrid
AU - Hviid , Morten
AU - Sharp, Paul Richard
N1 - JEL classification: K12, L31, N43, N53, Q13
PY - 2011
Y1 - 2011
N2 - 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.
AB - 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.
KW - Faculty of Social Sciences
KW - creameries
KW - new institutional economics
M3 - Working paper
BT - Law and Peace
PB - Department of Economics, University of Copenhagen
ER -
ID: 33229585