The Economic Analysis of Labour-Managed Firms

Norman J Ireland

Bulletin of Economic Research, 1987, vol. 39, issue 4, 249-72

Abstract: The theory of labor-managed firms has recently been extended and developed in a number of directions. This paper is intended to introduce readers to these developments. It first reviews the well-known Illyrian model of labor-managed firms and then survey s recent contributions concerning the property rights of membership and capital, internal incentives and labor supply, and long-run behav ior. Reasons are given why long-run equivalence of labor-managed and conventional systems may not occur. The effects of market imperfectio ns and uncertainty, and of alternative firm objectives are also discu ssed. Finally, some prospects for future research are outlined. Copyright 1987 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research

Date: 1987
References: Add references at CitEc
Citations: View citations in EconPapers (4)

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:buecrs:v:39:y:1987:i:4:p:249-72

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0307-3378

Access Statistics for this article

More articles in Bulletin of Economic Research from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().