Property Rights, Asset Specificity, and the Division of Labour under Alternative Capitalist Relations
AbstractIs the division of labor under capitalism because of transaction and technological efficiency or because of inefficient capitalist property rights? The answer of this paper is that under "classical" capitalism there is an inefficient division of labor because of underinvestment in asset-specific labor which can be improved by expanding workers' rights in two different ways defining "company workers" and "unionized" capitalism. An implication of the analysis is that markets, far from being the selection mechanism where efficient institutions evolve, may imply the reproduction of inefficient property rights and be shaped by them. Copyright 1991 by Oxford University Press.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Oxford University Press in its journal Cambridge Journal of Economics.
Volume (Year): 15 (1991)
Issue (Month): 3 (September)
Contact details of provider:
Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
Fax: 01865 267 985
Web page: http://www.cje.oupjournals.org/
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Haagh, Louise, 2011. "Working Life, Well-Being and Welfare Reform: Motivation and Institutions Revisited," World Development, Elsevier, vol. 39(3), pages 450-473, March.
- Sauro Mocetti, 2004. "Social Protection and Human Capital: Test of a Hypothesis," Department of Economics University of Siena 425, Department of Economics, University of Siena.
- Knorringa, P. & Kox, H.L.M., 1992. "Transaction regimes : an instrument for research in industrial organization," Serie Research Memoranda 0034, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
- Navarra, Cecilia & Tortia, Ermanno, 2013. "Employer moral hazard, wage rigidity and worker cooperatives: A theoretical appraisal," AICCON Working Papers 117-2013, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
- Alberto Battistini, 2007. "Surplus-Value, Distribution and Exploitation," Department of Economics University of Siena 518, Department of Economics, University of Siena.
- Elson, Diane, 1995. "Gender Awareness in Modeling Structural Adjustment," World Development, Elsevier, vol. 23(11), pages 1851-1868, November.
- Elson, Diane, 1999. "Labor Markets as Gendered Institutions: Equality, Efficiency and Empowerment Issues," World Development, Elsevier, vol. 27(3), pages 611-627, March.
- Alberto Battistini, 2008. "Micro-Founded Institutions and Macro-Founded Individuals: The Dual Nature of Profit," Department of Economics University of Siena 550, Department of Economics, University of Siena.
- D'Antoni, Massimo & Pagano, Ugo, 2002. "National cultures and social protection as alternative insurance devices," Structural Change and Economic Dynamics, Elsevier, vol. 13(4), pages 367-386, December.
- Samuel Bowles, 2000. "Globalization and Redistribution: Feasible Egalitarianism in a Competitive World," Working Papers wp34, Political Economy Research Institute, University of Massachusetts at Amherst.
- Metin M. Cosgel & Thomas J. Miceli, 1998. "On Job Rotation," Working papers 1998-02, University of Connecticut, Department of Economics.
- Doucouliagos, Chris, 1996. "Conformity, replication of design and business niches," Journal of Economic Behavior & Organization, Elsevier, vol. 30(1), pages 45-62, July.
- Palma, J.G., 2012. "Was Brazil's recent growth acceleration the world's most overrated boom?," Cambridge Working Papers in Economics 1248, Faculty of Economics, University of Cambridge.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum).
If references are entirely missing, you can add them using this form.