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Labour and Capital in a Comparative Organisation of the Firm

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  • Vladislav Flek

Abstract

The paper's main purpose is to analyse capital-labour relations in various institutional arrangements at the firm level. In particular, it investigates how the alternative forms of worker's representation affect the firm flexibility. The character of corporate control in a unionised firm is discussed, in order to demonstrate the transaction costs of such a "traditional" setting. The traditional forms of collective bargaining institutions are becoming less able to reflect these needs of modern corporations. As a result, the traditional concept of the role of the workers' representations requires substantial changes.

Suggested Citation

  • Vladislav Flek, 1998. "Labour and Capital in a Comparative Organisation of the Firm," Politická ekonomie, Prague University of Economics and Business, vol. 1998(5).
    • Handle: RePEc:prg:jnlpol:v:1998:y:1998:i:5:id:250
    DOI: 10.18267/j.polek.250
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