Embeddedness, cooperation and popular-economy firms in the informal sector

Marthe Nyssens and Bruno Van der Linden

No 1998025, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: This paper is motivated by empirical observations on popular-economy firms (PEFs) in the informal sector of Santiago de Chile. These are labor-managed firms embedded in popular milieu where cooperation between their members plays a central role. This paper develops a (partial equilibrium) microeconomic theory of PEFs. First, it endogeneizes the level of cooperation between the workers. Second, it develops a static and a dynamic model to analyze whether embeddedness influences the behavior of the PEF. Embeddedness is assumed to be captured by three different characteristics suggested by the empirical observations. Most of them influence the employment and income levels in the PEF.

Keywords: embeddedness; cooperation; labor-managed firms; Popular-economy firm (search for similar items in EconPapers)
JEL-codes: J23 J33 O17 P13 (search for similar items in EconPapers)
Pages: 34
Date: 1998-12-01, Revised 1998-10
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Journal Article: Embeddedness, cooperation and popular-economy firms in the informal sector (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:1998025

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