The Industry Equilibrium of the Labor-Managed Firm in Monopolistic Competition under Demand Uncertaiy

Suyeol Ryu
Additional contact information
Suyeol Ryu: Busan Development Institute

Korean Economic Review, 2002, vol. 18, 285-303

Abstract: This study contrasts the comparative statics results with the Mai(1993) ones in a perfectly competitive labor-managed(LM) industry and the Ishii(1991) ones in a monopolistically competitive profit-maximizing(PM) industry. First, some results in a perfectly competitive LM industry. One of difference between the results in two industries comes from the fact that depends on whether any firm in the industry may affect the market price or not. Second, this study also shows that some results in a monopolistically competitive PM industry do not generally carry over to a LM industry.

Keywords: labor-managed firm; monopolistic competition; industry equilibrium; demand uncertainty; risk aversion (search for similar items in EconPapers)
JEL-codes: F12 F16 J31 (search for similar items in EconPapers)
Date: 2002
References: Add references at CitEc
Citations:

Downloads: (external link)
http://keapaper.kea.ne.kr/RePEc/kea/keappr/KER-200212-18-2-05.pdf (application/pdf)

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:kea:keappr:ker-200212-18-2-05

Access Statistics for this article

Korean Economic Review is currently edited by Kyung Hwan Baik

More articles in Korean Economic Review from Korean Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by KEA ().