Privatization and Liberalization in Labour - Managed Industries: A Welfare Analysis

Flavio Delbono

Working Papers from Dipartimento Scienze Economiche, Universita' di Bologna

Abstract: I consider the point of view of an economic reformer aiming at improving social welfare in a currently monopolized labour-managed industry. I show that giving some tiny weight to output ti.e., consumere' surplus) in the original maximand may result in an outcome socially superior to those resulting from (partial or complete) privatization and/or liberalization.

Date: 1991-01
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Persistent link: https://EconPapers.repec.org/RePEc:bol:bodewp:105

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