TY - JOUR
T1 - More on alternative objectives of labor-managed firms
AU - Kahana, Nava
AU - Nitzan, Shmuel
PY - 1989/12
Y1 - 1989/12
N2 - This paper focuses on an alternative theory of a labor-managed firm where the main behavioral assumption is profit per laborer maximization subject to an employment constraint, or, alternatively, employment maximization subject to a profit per laborer constraint. This theory and its implications are derived employing a standard duality approach. The results are then compared with those obtained in the theory of the traditional labor-managed firm which maximizes profit per laborer.
AB - This paper focuses on an alternative theory of a labor-managed firm where the main behavioral assumption is profit per laborer maximization subject to an employment constraint, or, alternatively, employment maximization subject to a profit per laborer constraint. This theory and its implications are derived employing a standard duality approach. The results are then compared with those obtained in the theory of the traditional labor-managed firm which maximizes profit per laborer.
UR - http://www.scopus.com/inward/record.url?scp=38249025252&partnerID=8YFLogxK
U2 - 10.1016/0147-5967(89)90025-5
DO - 10.1016/0147-5967(89)90025-5
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AN - SCOPUS:38249025252
SN - 0147-5967
VL - 13
SP - 527
EP - 538
JO - Journal of Comparative Economics
JF - Journal of Comparative Economics
IS - 4
ER -