Worker and community cooperatives: A multi-criterion model

Roger McCain

A chapter in Advances in the Economic Analysis of Participatory & Labor-Managed Firms, 2010, pp 205-224 from Emerald Group Publishing Limited

Abstract: We envision an enterprise owned by an association of its employees. The enterprise may employ nonmember as well as member labor. All are paid the same wage, but member-employees also accrue credit toward a pension as a benefit of their employment. Nonmember employees do not receive this benefit. Nonmember employees may be allowed to “buy in” as members for a share value that does not dilute the retirement fund, but only at the discretion of the existing members. As a consequence, the workers’ association is not strictly a cooperative, since membership is not “open.” One of the purposes of this inquiry, however, will be to determine under what circumstances the workers’ association will recruit new members.

Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:eme:aeapzz:s0885-3339(2010)0000011012

DOI: 10.1108/S0885-3339(2010)0000011012

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