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Workers' Enterprises And The Taste For Production: The Arts, Sport And Other Cases

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  • Tiziana Cuccia
  • Roberto Cellini

Abstract

This paper shows that the standard result according to which labour‐managed (LM) firms produce a lower amount of output, as compared with profit‐maximizing firms, is reversed if production per se gives utility and the workers' membership of LM firms is set before market decisions. Under the same hypotheses, the LM firms set a higher product quality than the profit‐oriented ones, ceteris paribus. The considered hypotheses are appropriate in several sectors, but they are particularly relevant in the case of the performing arts.

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  • Tiziana Cuccia & Roberto Cellini, 2009. "Workers' Enterprises And The Taste For Production: The Arts, Sport And Other Cases," Scottish Journal of Political Economy, Scottish Economic Society, vol. 56(1), pages 123-137, February.
    • Handle: RePEc:bla:scotjp:v:56:y:2009:i:1:p:123-137
    DOI: 10.1111/j.1467-9485.2009.00476.x
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    Cited by:

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    2. Ohnishi, Kazuhiro, 2018. "Wage-Rise Contract and Labour-Managed Cournot Oligopoly with Complementary Goods," MPRA Paper 88235, University Library of Munich, Germany.
    3. Kazuhiro Ohnishi, 2022. "Lifetime Employment and Stackelberg Mixed Duopoly Games with a Foreign Labour-Managed Competitor," Arthaniti: Journal of Economic Theory and Practice, , vol. 21(1), pages 27-42, June.
    4. Cellini, Roberto & Cuccia, Tiziana, 2014. "The artist–art dealer relationship as a marketing channel," Research in Economics, Elsevier, vol. 68(1), pages 57-69.
    5. Cellini, Roberto & Martorana, Marco Ferdinando & Platania, Felicita, 2014. "The multi-product nature of the firm in the arts sector: A case study on ‘Centro Zo’," MPRA Paper 60677, University Library of Munich, Germany.
    6. Ohnishi, Kazuhiro, 2019. "Capacity choice in an international mixed triopoly," MPRA Paper 94051, University Library of Munich, Germany.

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