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Why Capital (Usually) Hires Labor : An Assessment of Proposed Explanations

Author

Listed:
  • Dow, G
  • Putterman, L

Abstract

Enterprises owned or run by workers are probably as old as capitalism itself, but they have never occfupied more than a small sector of any developed market economy. In this paper, we ask why this is so.

Suggested Citation

  • Dow, G & Putterman, L, 1996. "Why Capital (Usually) Hires Labor : An Assessment of Proposed Explanations," Discussion Papers dp97-03, Department of Economics, Simon Fraser University.
  • Handle: RePEc:sfu:sfudps:dp97-03
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    References listed on IDEAS

    as
    1. Fair, Ray C & Shiller, Robert J, 1990. "Comparing Information in Forecasts from Econometric Models," American Economic Review, American Economic Association, vol. 80(3), pages 375-389, June.
    2. Clemen, Robert T., 1989. "Combining forecasts: A review and annotated bibliography," International Journal of Forecasting, Elsevier, vol. 5(4), pages 559-583.
    3. Dewispelare, Aaron R. & Herren, L. Tandy & Clemen, Robert T., 1995. "The use of probability elicitation in the high-level nuclear waste regulation program," International Journal of Forecasting, Elsevier, vol. 11(1), pages 5-24, March.
    4. Heejoon Kang, 1986. "Unstable Weights in the Combination of Forecasts," Management Science, INFORMS, vol. 32(6), pages 683-695, June.
    5. Robert C. Blattberg & Stephen J. Hoch, 1990. "Database Models and Managerial Intuition: 50% Model + 50% Manager," Management Science, INFORMS, vol. 36(8), pages 887-899, August.
    6. David C. Schmittlein & Jinho Kim & Donald G. Morrison, 1990. "Combining Forecasts: Operational Adjustments to Theoretically Optimal Rules," Management Science, INFORMS, vol. 36(9), pages 1044-1056, September.
    7. Winkler, Robert L., 1989. "Combining forecasts: A philosophical basis and some current issues," International Journal of Forecasting, Elsevier, vol. 5(4), pages 605-609.
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    Citations

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    Cited by:

    1. Patrick Bolton & Chenggang Xu, 1998. "Ownership and Managerial competition: Employee, Customer, or Outside Ownership," William Davidson Institute Working Papers Series 174, William Davidson Institute at the University of Michigan.
    2. John Pencavel, 2013. "Worker cooperatives and democratic governance," Chapters,in: Handbook of Economic Organization, chapter 24 Edward Elgar Publishing.
    3. Dow, Gregory K., 2000. "On the Neutrality of Asset Ownership for Work Incentives," Journal of Comparative Economics, Elsevier, vol. 28(3), pages 581-605, September.
    4. Gary Gorton & Frank Schmid, 2000. "Class Struggle Inside the Firm: A Study of German Codetermination," NBER Working Papers 7945, National Bureau of Economic Research, Inc.
    5. L.F.M. Groot & D.E. van der Linde, 2015. "The Labor Managed Firm: Permanent or Start Subsidies?," Working Papers 15-04, Utrecht School of Economics.
    6. Gregory Dow, 2001. "Allocating Control over Firms: Stock Markets versus Membership Markets," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 18(2), pages 201-218, March.

    More about this item

    Keywords

    MANAGEMENT; CAPITALISM;

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • P12 - Economic Systems - - Capitalist Systems - - - Capitalist Enterprises

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