The Theory of the Labour-Managed Firm Revisited: The Voluntary Interactive Approach

N. Kahana; S. Nitzan

The Theory of the Labour-Managed Firm Revisited: The Voluntary Interactive Approach

N. Kahana
, S. Nitzan

Department of Economics

Research output: Contribution to journal › Article › peer-review

Abstract

The conventional theory of the labour-managed firm (LMF) typically assumes that membership can be fully adjusted and that it is determined so as to maximise the income of the remaining members. The fundamental well known implication of this theory is that employment exhibits a'perverse'response to an increase in the price of output (see Ward, I958; Domar, I966; Vanek,

Original language	American English
Pages (from-to)	937-945
Journal	Economic Journal
Volume	103
State	Published - 1993

Cite this

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title = "The Theory of the Labour-Managed Firm Revisited: The Voluntary Interactive Approach",

abstract = "The conventional theory of the labour-managed firm (LMF) typically assumes that membership can be fully adjusted and that it is determined so as to maximise the income of the remaining members. The fundamental well known implication of this theory is that employment exhibits a'perverse'response to an increase in the price of output (see Ward, I958; Domar, I966; Vanek,",

author = "N. Kahana and S. Nitzan",

year = "1993",

language = "American English",

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AB - The conventional theory of the labour-managed firm (LMF) typically assumes that membership can be fully adjusted and that it is determined so as to maximise the income of the remaining members. The fundamental well known implication of this theory is that employment exhibits a'perverse'response to an increase in the price of output (see Ward, I958; Domar, I966; Vanek,

M3 - Article

SN - 0013-0133

VL - 103

SP - 937

EP - 945

JO - Economic Journal

JF - Economic Journal

ER -

The Theory of the Labour-Managed Firm Revisited: The Voluntary Interactive Approach

Abstract

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