'Divergent Equilibrium in a Labor-Managed Economy,' (1991). Economic Analysis and Workers' Management, Vol. XXV, No. 2, pp. 289-294
AbstractThe 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.
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Bibliographic InfoPaper provided by EconWPA in its series Microeconomics with number 0512003.
Length: 5 pages
Date of creation: 13 Dec 2005
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Note: Type of Document - pdf; pages: 5
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general equilibrium; labor management; Yugoslavia;
Find related papers by JEL classification:
- D1 - Microeconomics - - Household Behavior
- D2 - Microeconomics - - Production and Organizations
- D3 - Microeconomics - - Distribution
- D4 - Microeconomics - - Market Structure and Pricing
- J - Labor and Demographic Economics
- L - Industrial Organization
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-12-20 (All new papers)
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