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'Divergent Equilibrium in a Labor-Managed Economy,' (1991). Economic Analysis and Workers' Management, Vol. XXV, No. 2, pp. 289-294

Author

Listed:
  • Zeljko Bogetic

    (The World Bank)

Abstract

The 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.

Suggested Citation

  • Zeljko Bogetic, 2005. "'Divergent Equilibrium in a Labor-Managed Economy,' (1991). Economic Analysis and Workers' Management, Vol. XXV, No. 2, pp. 289-294," Microeconomics 0512003, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpmi:0512003
    Note: Type of Document - pdf; pages: 5
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/mic/papers/0512/0512003.pdf
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    More about this item

    Keywords

    general equilibrium; labor management; Yugoslavia;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • D2 - Microeconomics - - Production and Organizations
    • D3 - Microeconomics - - Distribution
    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • J - Labor and Demographic Economics
    • L - Industrial Organization

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