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Workers' enterprises in the case of arts production

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  • Cuccia, Tiziana
  • Cellini, Roberto

Abstract

This paper shows that the standard result according to which labour-managed firms produce a lower amount of output, as compared to profit-maximising firms, is reversed if production per se gives utility and the workers’ membership of labour-managed firms is set prior to market decisions. Under the same hypotheses, the labour-managed firms set a higher product quality than the profit-oriented ones, ceteris paribus. The considered hypotheses are particularly relevant for the case of the performing arts sector, so that the presence of labour-managed firms should be particularly welcomed in this sector.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 5192.

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Date of creation: Oct 2007
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Handle: RePEc:pra:mprapa:5192

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Keywords: workers'enterprises; labour managed firms; arts;

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  2. Lambertini, Luca, 1997. "On the provision of product quality by a labor-managed monopolist," Economics Letters, Elsevier, vol. 55(2), pages 279-283, August.
  3. Roberto Cellini & Tiziana Cuccia, 2003. "Le peculiarità delle imprese cooperative nel settore dell’arte. Un’analisi teorica," Rivista di Politica Economica, SIPI Spa, vol. 93(3), pages 35-66, May-June.
  4. Michael Kremer, 1997. "Why are Worker Cooperatives So Rare?," NBER Working Papers 6118, National Bureau of Economic Research, Inc.
  5. Patrick Francois, 2002. "Not-for-profit Provision of Public Services," The Centre for Market and Public Organisation 02/060, Department of Economics, University of Bristol, UK.
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  8. Cremer, Helmuth & Cremer, Jacques, 1992. "Duopoly with employee-controlled and profit-maximizing firms: Bertrand vs Cournot competition," Journal of Comparative Economics, Elsevier, vol. 16(2), pages 241-258, June.
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  10. Luca Lambertini, 1998. "Process innovation and the persistence of monopoly with labour-managed firms," Review of Economic Design, Springer, vol. 3(4), pages 359-369.
  11. Francois, Patrick, 2000. "'Public service motivation' as an argument for government provision," Journal of Public Economics, Elsevier, vol. 78(3), pages 275-299, November.
  12. Throsby,David, 2000. "Economics and Culture," Cambridge Books, Cambridge University Press, number 9780521586399, April.
  13. Futagami, Koichi & Okamura, Makoto, 1996. "Strategic Investment: The Labor-Managed Firm and the Profit-Maximizing Firm," Journal of Comparative Economics, Elsevier, vol. 23(1), pages 73-91, August.
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  17. Maurizio Caserta & Tiziana Cuccia, 2001. "The Supply of Arts Labour : Towards a Dynamic Approach," Journal of Cultural Economics, Springer, vol. 25(3), pages 185-201, August.
  18. Throsby, David, 1994. "The Production and Consumption of the Arts: A View of Cultural Economics," Journal of Economic Literature, American Economic Association, vol. 32(1), pages 1-29, March.
  19. A. Michael Spence, 1975. "Monopoly, Quality, and Regulation," Bell Journal of Economics, The RAND Corporation, vol. 6(2), pages 417-429, Autumn.
  20. Fehr, Ernst & Sertel, Murat R., 1993. "Two forms of workers' enterprises facing imperfect labor markets," Economics Letters, Elsevier, vol. 41(2), pages 121-127.
  21. Edward Oczkowski, 2006. "Nash Bargaining And Co-Operatives," Australian Economic Papers, Wiley Blackwell, vol. 45(2), pages 89-98, 06.
  22. Lambertini, Luca & Rossini, Gianpaolo, 1998. "Capital Commitment and Cournot Competition with Labour-Managed and Profit-Maximising Firms," Australian Economic Papers, Wiley Blackwell, vol. 37(1), pages 14-21, March.
  23. Henry Hansmann, 1981. "Nonprofit Enterprise in the Performing Arts," Bell Journal of Economics, The RAND Corporation, vol. 12(2), pages 341-361, Autumn.
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