The Free Access System

Franco Cugno and Mario Ferrero
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Franco Cugno: University of Torino

Chapter 4 in Share Systems and Unemployment, 1991, pp 34-42 from Palgrave Macmillan

Abstract: Abstract In the previous Chapter we have restricted our focus to a range of share systems in which the fixed component of the pay is positive or nil. In principle, however, there is no difficulty in conceiving of a system with a negative fixed pay, that is, one in which workers pay a fixed ‘toll’ per capita to gain access to the means of production and then share among themselves all or part of the residual income of the firm. The ‘pure’ system in this category is that in which the whole of residual income (after payment of the toll) is shared among the workers, while profit becomes a fixed income set in advance by the owners of the firm. Logically, this implies that there must be free access to the firm for all the workers who wish to come in and make use of its plant, upon payment of the required toll.

Keywords: Marginal Revenue; Share System; Revenue Sharing; Residual Income; Efficiency Wage (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11530-3_4

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DOI: 10.1007/978-1-349-11530-3_4

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