haku: @indexterm Worker participation / yhteensä: 245
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| Tekijä: | Kahana, N. |
| Otsikko: | The duality approach in the case of labour-managed firms. |
| Lehti: | Oxford Economic Papers
1989 : JUL, VOL. 41:3, p. 567-572 |
| Asiasana: | WORKER PARTICIPATION |
| Kieli: | eng |
| Tiivistelmä: | The Labour-managed Firm (LMF) using a dual approach is re-examined. In doing so, it was found that the demand for nonlabour input per worker curve is negatively sloped, and the supply per worker curve is positively sloped. It is a necessary and sufficient condition for labour's perverse behaviour. It is further shown that if labour does not respond perversely neither does output, while the converse does not follow. It is also demonstrated that a change in fixed cost affects the equilibrium position of the LMF, but the direction of the changes are indeterminate with the exception of labour input whose response is positive. |
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