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| Author: | Stewart, G. |
| Title: | Strategic entry interactions involving profit-maximising and labour-managed firms |
| Journal: | European Research
1991 : OCT, VOL. 43:4, p.570-583 |
| Index terms: | PROFIT OPTIMIZATION EMPLOYEE OWNERSHIP INCOMES OLIGOPOLY |
| Language: | eng |
| Abstract: | The Illyrian labour-managed firm is introduced, where the objective is the maximisation of income per worker. The strategic interactions are considered both in a labour-managed oligopoly and in the mixed setting where profit-maximising and labour-managed firms may be present. The results concern the choice of organizational form on the part of a potential entrant and the use of capital precommitments by incumbents. In the sector of labour-managed firms entry has a crucial role to play in attaining an efficient allocation of labour. This provides the main motivation for the analysis. |
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