Labour Participation in Different Firm Organisations

Michele Moretto and Gianpaolo Rossini
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Gianpaolo Rossini: University of Bologna

No 1999.29, Working Papers from Fondazione Eni Enrico Mattei

Abstract: The main issue is the organisation of firms when different degrees of labour participation are taken into account. We start reviewing the literature on the LM firm. We then consider a less radical labour participation, i.e. the Aoki firm. We survey extensions of the Aoki's firm to the case of market uncertainty, where also the question of the optimal allocation of the shut down decision is tackled, when shareholders are not able to maximise the total payoff accruing to both workers and owners. By and large, it appears that the degree of labour participation in decisions and rent sharing in a firm is not a settled question, even though is seems to depend on the respective degree of firm specificities of production factors.

Keywords: Labour participation; Firm organisation (search for similar items in EconPapers)
JEL-codes: D92 L20 (search for similar items in EconPapers)
Date: 1999-03
New Economics Papers: this item is included in nep-ind, nep-lab and nep-mic
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:1999.29

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