Is There a negatively Sloped Supply Curve in the Labor-Managed Firm ?

Steinherr, Alfred;Thisse, Jacques-François
(1978) , 15 pages

Files

WP-7812.pdf
  • Open Access
  • Adobe PDF
  • 381.74 KB
Download

Details

Authors
  • Steinherr, AlfredUCLouvain
    Author
  • Thisse, Jacques-FrançoisUCLouvain
    Author
Abstract
(en) Existing theoretical results concerning labor-managed economies point to their general viability; see, e.g. Vanek (1970), Meade (1972) and Drèze (1974). However, a number of odd, if not problematic, features have emerged from the analysis. Among the most ardent difficulties is the one of adjusting labor when market price increases. Ward (1958) was the first to notice that, in this case, the labor-managed firm (LMF) tends to reduce employment and output in the short-run.
Affiliations

Citations

  • APA
  • Chicago
  • FWB

Steinherr, A., & Thisse, J.-F. (1978). Is There a negatively Sloped Supply Curve in the Labor-Managed Firm ? (Working Papers Institut des sciences économiques 7812). https://hdl.handle.net/2078.5/278773