Wage Incentives in Labour-Managed and Profit Maximising Firms
Robert Drago and
Geoffrey K Turnbull
Australian Economic Papers, 1992, vol. 31, issue 59, 311-24
Abstract:
The paper analyzes wage incentives in labor-managed (LMF) and profit maximizing (PMF) firms, considering competitive, individualized, and collective incentives. Partially collective incentives are optimal for LMFs unless workers strike binding effort-matching agreements, which imply the optimality of purely collective incentives. The PMF uses incentives that are less collective than workers would prefer. Copyright 1992 by Blackwell Publishers Ltd/University of Adelaide and Flinders University of South Australia
Date: 1992
References: Add references at CitEc
Citations: View citations in EconPapers (5)
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:bla:ausecp:v:31:y:1992:i:59:p:311-24
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0004-900X
Access Statistics for this article
Australian Economic Papers is currently edited by Daniel Leonard
More articles in Australian Economic Papers from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().