Stewart, Geoff (1986) The economics of labour-managed firms in a capitalist economy. PhD thesis, University of Warwick.

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Abstract

This thesis explores the behaviour and performance of labour- managed firms in a capitalist economy through comparisons between labour-managed and capitalist enterprises and by examining interactions, market and non-market, between the two organisational forms. These investigations are pursued in the context of monopsonistic or oligopsonistic labour markets and product market duopoly. The scarcity of managerial skills may mean that day to day control is delegated to a specialist. We demonstrate that the existence of managerial discretion can have important consequences for the short-run behaviour of labour-managed firms. Finally we consider the factors which determine whether labour-management will emerge under capitalism. This involves an assessment of the theoretical and empirical literature on the relative efficiency of the two modes of production, and then an analysis of whether the outcome depends purely on relative efficiency, or whether distributional considerations are also important.

Item Type:	Thesis (PhD)
Subjects:	H Social Sciences > HD Industries. Land use. Labor
Library of Congress Subject Headings (LCSH):	Producer cooperatives -- Economic aspects, Industrial management -- Employee participation, Employee ownership
Official Date:	April 1986
Dates:	Date Event April 1986 Submitted
Institution:	University of Warwick
Theses Department:	Department of Economics
Thesis Type:	PhD
Publication Status:	Unpublished
Supervisor(s)/Advisor:	Cowling, Keith
Sponsors:	Economic and Social Research Council (Great Britain)
Extent:	iv, 184 leaves
Language:	eng

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