dc.contributor.author	Hudson, William Taylor	en
dc.contributor.committeechair	Purcell, Wayne D.	en
dc.contributor.committeemember	Jones, Eluned C.	en
dc.contributor.committeemember	Kenyon, David E.	en
dc.contributor.department	Agricultural and Applied Economics	en
dc.date.accessioned	2014-03-14T20:31:11Z	en
dc.date.adate	2001-01-31	en
dc.date.available	2014-03-14T20:31:11Z	en
dc.date.issued	2001-01-17	en
dc.date.rdate	2002-01-31	en
dc.date.sdate	2001-01-30	en
dc.description.abstract	Alliances between participants in the beef industry have developed rapidly during the past 10 years. Industry surveys reveal alliances are expected to grow larger in number and become a more dominant part of the beef sector over the next 10 years. This research centers on providing design specific information to managers and decision makers involved with creating alliance organizations, thereby improving the likelihood of future alliance success. A conceptual framework was created to better understand the process of alliance formation. Each participant in the alliance first prioritizes economic motivations for joining, creates unique governance structure designs reflecting motivations, and then assesses results to decide on future participation. Simulations were performed using empirical data from a private beef alliance to analyze various margin sharing and premium allocation designs. Cattle owners were found to prefer equal margin sharing, while packers would prefer to accept a transfer of cattle owner margins rather than share packing margins with owners. Premiums were found to be substantial for cattle grading higher than a Choice YG3 quality level. Premiums averaged $12/head, $8/head, and $4/head when 75%, 50%, and 25% of cattle qualified for premium lines, respectively. Premium rights were found to be good substitutes for equal margin sharing agreements, allowing packers to accept equal margin sharing agreements while maintaining an equivalent level of return from premium rights. Marginal rates of substitution between changes in premium rights and changes in equal margin sharing levels are identified, allowing for more informed negotiations between cattle owners and packers.	en
dc.description.degree	Master of Science	en
dc.identifier.other	etd-01302001-085302	en
dc.identifier.sourceurl	http://scholar.lib.vt.edu/theses/available/etd-01302001-085302/	en
dc.identifier.uri	http://hdl.handle.net/10919/31070	en
dc.publisher	Virginia Tech	en
dc.relation.haspart	09Appen.pdf	en
dc.relation.haspart	08Ref.pdf	en
dc.relation.haspart	06Chp4.pdf	en
dc.relation.haspart	01Front.pdf	en
dc.relation.haspart	07Chp5.pdf	en
dc.relation.haspart	10Vita.pdf	en
dc.relation.haspart	03Chp1.pdf	en
dc.relation.haspart	04Chp2.pdf	en
dc.relation.haspart	02Front.pdf	en
dc.relation.haspart	05Chp3.pdf	en
dc.rights	In Copyright	en
dc.rights.uri	http://rightsstatements.org/vocab/InC/1.0/	en
dc.subject	Beef Industry	en
dc.subject	Risk Sharing	en
dc.subject	Vertical Coordination	en
dc.subject	Alliances	en
dc.title	Strategic Alliances in Beef: Concepts and Design	en
dc.type	Thesis	en
thesis.degree.discipline	Agricultural and Applied Economics	en
thesis.degree.grantor	Virginia Polytechnic Institute and State University	en
thesis.degree.level	masters	en
thesis.degree.name	Master of Science	en

Strategic Alliances in Beef: Concepts and Design

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