IDEAS home Printed from https://ideas.repec.org/a/bla/ausecp/v31y1992i59p311-24.html
   My bibliography  Save this article

Wage Incentives in Labour-Managed and Profit Maximising Firms

Author

Listed:
  • Drago, Robert
  • Turnbull, Geoffrey K

Abstract

The paper analyzes wage incentives in labor-managed (LMF) and profit maximizing (PMF) firms, considering competitive, individualized, and collective incentives. Partially collective incentives are optimal for LMFs unless workers strike binding effort-matching agreements, which imply the optimality of purely collective incentives. The PMF uses incentives that are less collective than workers would prefer. Copyright 1992 by Blackwell Publishers Ltd/University of Adelaide and Flinders University of South Australia

Suggested Citation

  • Drago, Robert & Turnbull, Geoffrey K, 1992. "Wage Incentives in Labour-Managed and Profit Maximising Firms," Australian Economic Papers, Wiley Blackwell, vol. 31(59), pages 311-324, December.
    • Handle: RePEc:bla:ausecp:v:31:y:1992:i:59:p:311-24
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below 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.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kazuhiro Ohnishi, 2008. "Strategic Investment In A New Mixed Market With Labor‐Managed And Profit‐Maximizing Firms," Metroeconomica, Wiley Blackwell, vol. 59(4), pages 594-607, November.
    2. Ohnishi, Kazuhiro, 2018. "Wage-Rise Contract and Labour-Managed Cournot Oligopoly with Complementary Goods," MPRA Paper 88235, University Library of Munich, Germany.
    3. Kazuhiro Ohnishi, 2009. "Capacity Investment and Mixed Duopoly with State-Owned and Labor-Managed Firms," Annals of Economics and Finance, Society for AEF, vol. 10(1), pages 49-64, May.
    4. Kazuhiro Ohnishi, 2008. "Strategic Commitment and International Mixed Competition with Domestic State-owned and Foreign Labor-managed Firms," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 64(4), pages 458-472, December.
    5. Chris Doucouliagos, 1997. "The Comparative Efficiency and Productivity of Labor-Managed and Capital-Managed Firms," Review of Radical Political Economics, Union for Radical Political Economics, vol. 29(2), pages 45-69, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ausecp:v:31:y:1992:i:59:p:311-24. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0004-900X .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.