Abstract
This paper analyzes the effect of a number of institutional arrangements in a centrally-planned economy on the voluntary determination of work effort in a producer cooperative. The different arrangements are compared in terms of (i) degree of egalitarianism associated with the implementation of maximal output, (ii) level of equilibrium output given a particular distributive system, and (iii) the potential for securing equilibrium.
| Original language | English |
|---|---|
| Pages (from-to) | 133-137 |
| Number of pages | 5 |
| Journal | Economics Letters |
| Volume | 24 |
| Issue number | 2 |
| DOIs | |
| State | Published - 1987 |