'Divergent Equilibrium in a Labor-Managed Economy,' (1991). Economic Analysis and Workers' Management, Vol. XXV, No. 2, pp. 289-294

Zeljko Bogetic ()

Microeconomics from University Library of Munich, Germany

Abstract: The paper demonstrates a potential theoretical problem in achieving general equilibrium in an economy composed of firms maximizing income per worker; a problem which suggests that disequilibria in a labor- managed economy might be a rule rather than exception.

Keywords: general equilibrium; labor management; Yugoslavia (search for similar items in EconPapers)
JEL-codes: D1 D2 D3 D4 J L (search for similar items in EconPapers)
Pages: 5 pages
Date: 2005-12-13
Note: Type of Document - pdf; pages: 5
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpmi:0512003

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