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EUI

WORKING

PAPERS

E U I W O R K I N G P A P E R No. 85/198

BIBLIOGRAPHY AND LABOUR-MANAGED FIRMS

AND EMPLOYEE PARTICIPATION

by

Will B

artlett

and Milica U

valic

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DEPARTMENT OF ECONOMICS

E U I W O R K I N G P A P E R No. 85/198

BIBLIOGRAPHY AND LABOUR-MANAGED FIRMS

AND EMPLOYEE PARTICIPATION

by

Will B

artlett

and Milica U

valic

June 1985

The bibliography was prepared as part of the EC-funded research project

“The impact of workers’ participation schemes on enterprise performance

in Western Europe”, directed by Prof. D.M. Nuti at the European University

Institute, 1984-86. It was presented at the 4th Conference o f the

International Association for the Economics of Self-Management, CIRIEC,

University of Liège, Belgium, 15-17 July 1985.

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No part of this paper m a y be reproduced in any form without

permission of the authors.

(C) Wi ll Bartlett and M i l i c a Uvalic. Printed in Italy in October 1985

European Univer si ty Institute Badia Fiesolana - 50016 San Domenico (FI) -

Italy

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Preface

The rapid growth in recent years in the number of w o r k e r s ’ cooperatives in Western Europe, and the development of various schemes for w o r k e r s ’ participation in business decision making has been paralleled by an equally dramatic increase in the number o f academic publications on the subject. Fortunately, some excellent surveys of the literature have appeared and are listed in section A. We began our search for the present bibli­ ography by focusing primarily on the economic analysis of the labour-managed (or cooperative) firm. To date this literature has be en very largely theoretical or descriptive, but some significant empirical studies are beginning to emerge, and the case of the Yugoslav self-management system has be en fairly well documented and has provided a fruitful ground for applied r e ­ search. The literature on employee participation in conventional firms has already benefited from an excellent bibliographical treatment by Pettman (1979)*, and we have therefore concentrated our sear ch on this topic on subsequent years.

The bibliography is arranged in two sections, covering articles and books separately. The monographic literature has tended to be largely of an applied and case-study nature, and material o f this type is arranged first by region and then by individual country. The large theoretical literature which has appeared in article form has been classified by broad subject grouping. The emphasis of this literature on microeconomic issues and a partial equilibrium approach is clearly apparent. However, it may be expected that in the future this imbalance will be re ctified as the larger context of economy-wide inter­ relations attracts more interest. At the other extreme, an area of growing interest lies in the internal organization of the firm an d issues surrounding the degree of participation or conflict, differing forms o f work organization, control and supervision and the impact of these intra-enterprise variables on enterprise performance. The application of game theory to these problems is emerging as a fruitful avenue of research. A future edition of the bibliography will hopefully be able to include larger and/or new sections on issues such as t h e s e . ♦Barrie 0. P e t t m a n , (1978),Industrial Democracy: A Selected B i b l i o g r a p h y , MCB Publications, Bradford,West Yorkshire, Bibliography no. 11 from the Institute of Scientific Business.

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Ex pl anation

The form o f citation we have used throughout is as in the following examples (where full information is a v a i l a b l e ) : 1)Articles :

Author Title Journal CARSON fR . G .

"A theory o f cooperatives", Canadian'Journal of Economics, (1977), 10, 4, 565-89

(1977), 10, 4, 565-89

/ / \ V

Year Volume Number Page reference 2)Books

1st author 2nd author Title Publisher D U M A S , A . D A U R E S , N .

"Théorie Economique de l'Autogestion", Faubourg, P a r i s ,1977

\

~

_

Place of p u b l i c a t i o n D a t e

The bibliography has been prepared u s i n g the P0WER+ programme of the EUI's Prime Computer and we are grateful to Bob Danziger for his patient assistance and explanation in the se tting up and implementation of the programme. We are also grateful to Maren Ipsen and Michael Tegelaars of the EUI Library for their advice and cooperation in our search for the items contained in the bibliography. The data base is available to users and selective retrieval of sub-sets of the bibliography is p o s s i b l e .

We very mu ch hope readers will bring relevant omissions and new material to our attention so that the bibliography may be periodically up dated and improved.

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Table of Contents

page I.ARTICLES 5 A. General Surveys ê

B . Theory 6 Bl.General Equilibrium and Macroeconomics 6 B2.Statics - Theory of the Fi rm 7 B2i.General 7 B2iioThe fixed membership firm and the

incentives problem 13 B2iii.Imperfect competition and oligopoly 15 B2iv.Risk and uncertainty 17 B3.Dynamics - Growth and Investment 20 B3i.Growth 20 B 3 i i .Investment and finance 21 B4.Miscellaneous 24 B5.Employee Participation 26 B6.Workers' Investment Funds and Profit Sharing 28 C. Case Studies 29

Cl.General | 29 C2 .Western Europe 31 C 2 i .General 31 C2ii .Belg ium .31 C2i i i .Denmark 31 C2iv.Finland 32 C2v.France 32 C 2 v i .Ireland 33 C 2 v i i .Italy 33 C2viii.Spain 34 C2ix.Sweden 34 C2x.United Ki ng do m 35 C3.Eastern Europe 36 C3i.General 36 C3i i .Y u g o s 1avi a 36 C4.North Am erica 39 C 4 i .Canada 39 C4ii.United States 40 C5.Other countries 41 C6.Employee Participation 42 C6i.General 42 C6ii.Western Europe 42 C6iii.Other countries 43 D. Bo ok Reviews 44

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II.BOOKS 46 A. Theory 46 Al.General 46 A2.Employee participation 47 B . Case Studies 48 Bl.General 48 B2.Wes te rn Europe 50 B2i.General 50 B2 ii.Belgium 51 B2iii.France 51 B2 iv.Ireland 52 B2v.Italy 52 B2vi.S pa in 54 B2vii.United Ki ng do m 55 B3 .Eastern Europe 56 B3i.General 56 B3ii.Yugoslavia 56 B4„North Am erica ' 58 B5.Other Countries 59 B6.Employee Participation 60 B6i.General 60 B6ii.Western Europe 61 B6 ii i.Eastern Europe 62 AUTHOR INDEX 63 Articles 63 Books 66

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I.ARTICLES A.General Surveys

1. FUSFELD.D.R.

"Labour managed and participatory firms:a review article",Journal of Economic I s s u e s ,(1983),X V I I ,3, 769-89

2. PRYOR,F.

"The economics of production cooperative - a readers' guide".Annals of Public and Cooperative E c o n o m y ,(1983), 54,2,133-72

3. STEINHERR,A.

"The labour-managed economy: a survey of the economics literature".Annals of Public and Co-operative Economy, (1978>,49,2,129-48

4. STEINHERR,A.

"The theory of worker-managed economy and firms",in W i l p e r t . B . ,(ed)."Participation in Industry and Inter­ nationalization of Economy".Kent State University P r e s s . O h i o ,(1977)

5. STEPHEN,F.H.

"The economics of labour-managed firms",Journal of Economic S t u d i e s ,(1983),10,2,66-71

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B.Theory

B1.General Equilibrium and Macroeconomics 6. G R E E N W A L D , B . C .

"Existence and stability problems of economies of labour- ma naged firms and their relationship to those of economies with stro ng u n i o n s " ,Economic Analysis and Workers M a na ge­ m e n t , (1979),13,73-90

7. DREZE.J.H.

"Some theory of labour management and participation", Ec o n o m e t r i c a , (1976),44,6,1125-1139

8. GREENBERG,J.

"Existence and optimality of equilibrium in labour- managed economies".Review of Economic S t u d i e s ,(1979), 46,3,419-33

9. ICHIISHI,T.

"Coalition structure in a labor-managed market economy" E c o n o m e t r i c a ,(1977),45,341-60

10. J AY ,P .

"The workers cooperative ec onomy".Transactions of the Manche st er Statistical S o c i e t y ,(1977),1-43

11. LABUS.M.

"The goals and the sectoral choice of technique under worker-management".Economic Analysis and Workers Manage­ ment

,(1982),16,3,261-12. P E T R O V I C , P .

"Income distribution,prices and choice o f technique in the labour-managed economy".Economic Analysis and Workers M a n a g e m e n t ,(1981),15,4,433-44

13. S U V A K O V I C , D .

"The transformation problem in the labour-managed (and capitalist) economy"»Economic Analysis and Workers M a n a g e m e n t ,(1980),14,1,33-40

14. V A N E K ,J .

"Decentralisation under workers management: a theoret­ ical appraisal".American Economic R e v i e w ,(1969),59, 5,1006-14

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B2i.General 15. 16. 17. 18. 19. 20. 21. 22. 23. AOKI.M.

"A model of a firm as a stockholder-employee cooperative ga me"»American Economic R e v i e w ,(1980),70,4,600-10

B E N - N E R , A .

"On the stability of the cooperative type of organiz­ ation", Journal of Comparative E c o n o m i c s , (1984),8,247-260

BERMAN,K.V.

"The role of labor unions in worker-managed firms", S e lf -M an ag em en t,(1978),6,1

BETANCOURT,R.R. CLAGUE,C.K.

"The theory of capital utilization in labor-managed e n t e rp ri se s",Quarterly Journal of E c on om ic s,(1977),91, 3,453-67

BONIN,J.P.

"Innovation in a labour-managed firm-a membership perspective",Journal of Industrial E c o n o m i c s ,(1983), 31,3,313-29

BONIN,J.P.

"The theory of the labor-managed firm from the membership's perspective wi th implications for Marshallian industry s u p p l y " ,Journal of Comparative E c o n o m i c s , (1981),5,4,337-51

BREWER,A.A. B R O W N I N G , M . J .

"On the 'employment' decision of a labour-managed firm", E c o n o m i c a ,(1982),49,194,141-46

CARSON,R.G.

"A theory of co op er at iv es ",Canadian Journal of Economics, (1977),10,4,565-89

CONTE,M.A.

"On the economic theory o f the labor-managed firm in the short run",Journal of Comparative Ec on o m i c s , (1980),4,2, 173-83

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24. 25. 26. 27. 28. 29. 30. 31. 32. CUGNO,F . FERRERÒ,M.

"Fusione di imprese ed efficienza nei modelli di economie autogestite: un commento a N u t i " ,Rivista Internazionale di Scienze S o c i a l i ,(1984),92,2

D J U R D J E V A C , V .

"Profitto e impresa autogestita: significati e implica­ zioni", in A.A.V.V.,"I1 sistema j u go sl av o. Da ll'impresa alla società autogestita e s p e r i e n z e e p r o g e t t o " ,B a r i , De D o n a t o ,(1980),97-106

D U B R A V C I C ,D .

"Labour as an entrepreneurial input - an essay on the theory of the prod uc er cooperative e c o n o m y " .Economica, (1970),37,147,297-310

E S T R I N , S .

"Long run responses under s e l f -m an ag em en t",Journal of Comparative E c o n o m i c s ,(1982),6,4,363-378

F A N N I N G ,C . M C C A R T H Y ,T .

"Hypotheses concerning the non-viability of labour- directed firms in capitalist economies".Economic An a l ­ ysis and Workers M a n a g e m e n t , (1983),17,2,123-53

FANNING,C. O'MAHONEY,D.

"Economic theory of the work er co-operative: an exposition", Economic and Industrial D e m o c r a c y ,(1983),4,2,225-41

FRANCO,G.

"A proposito di alcune tesi sull'economia (o diseconomia) dell'autogestione delle imprese in una so cietà socialista" Giornale degli Economisti e Annali di E c o n o m i a , (1979),38, 9-12,729-47

F U K U D A ,W .

"The pure theory of the labor-managed eonomy - On some points raised by J.Vanek"(in J a p a n e s e )»Kokumin-Keizai Z a s s h i ,(1978),137,4,104-23

G E R S F E L T , T .

"Arbejderstyrede virksomheder"(Labour-managed firms,with En gl is h s u m m a r y ).Nationalokonomisk Ti ds s k r i f t , (1974),112, 1,26-42

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33. 34. 35. 36. 37. 38. 39. 40. 41. G I A N N O L A , A .

"Impresa cooperativa ed analisi neoclassica: una critica della recente letteratura"»Giornale degli economisti, 1973,V-VI,

GUESNERIE,R. LA F F O N T , J . - J .

"A complete solution to a class of principal-agent problems wi th an application to the control of a se lf-managed firm",Journal of Public E c o n o m i c s , (1984), 25,3,329-370

H O R V A T ,B .

"A contribution to the theory of the Yugoslav firm", Economic A n a l y s i s ,(1967),1,1-2

HORVAT,B.

"Critical notes on the theory of the labour-managed firm and some macroeconomic implications".Economic A n a l y s i s ,(1972),3-4

IRELAND,N.J.

"The behaviour o f the labour-managed firm and disutility from supplying factor services".Economic Analysis and Workers M a n a g e m e n t ,(1981),15,1,21-43

IRELAND,N.J. LAW.P.J.

"An enterprise incentive fund for labour mobility in the cooperatieve econ om y" .E co no mi ca»(1978),45,178,143-51

IRELAND,N.J. LAW.P.J.

"On the labour-managed firm with homothetic techno­ logy" »Economic Analysis and Workers M a na ge me nt ,(1984), 18,1,1-13

JENSEN,M.C. MECKLING.W.H.

"Rights and production functions: an application to labor- managed firms and codetermination".Journal of Business, (1979),52,4,469-506

J0SSA.B.

"L'equilibrio di breve periodo in un'impresa autogestita", Rassegna Ec co n o m i c a , (1981),45,4,849-865

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42. 43. 44. 45. 46. 47. 48. 49. 50. 51.

JOSSA.B.

"La teoria ec onomica delle cooperative di produzione: un'analisi introduttiva"»Rivista della Cooperazione, (1982),11

LANDSBERGER,M. SUBOTNIK.A.

"Some anomalies in the production strategy of a labour- managed f i r m " ,E c o n o m i c a , (1981),48,190,195-197

L A W ,P .J .

"The Illyrian firm and Fellners' union-management model",Journal of Economic S t u d i e s ,(1977),4,1,29-37

LEE,B.W.

"The maximizing functions of cooperative enterprises", Univ. of Uppsala,Working paper series 3,Dept, of Econo­ mics, (1982)

LEVIN,H.M.

"Rai si ng employment and productivity with producer c o o p e r a t i v e s " ,in Streeten.P. and M a i e r , H . ( e d s ), "Human Resources,Employment and Develo pm en t,Voi.2: C o n c ep ts .M ea su re me nt.. . ".M acmillan.London,(1983)

MAURICE,S.C. FERGUSON,C.E.

"Factor usage by a labour-managed firm in a socialist ec on om y" .E co no mi cs ,N. S.,(1972),39,153,18-31

MCCAIN,R.A.

"Critical note on Illyrian e c o n o m ic s" .K yk lo s,(1973), 26,380-6

MCLEOD,W.B.

"A theory o f cooperative teams",CORE Discussion Paper no. 8 4 4 1 , ( 1 9 8 4 ) .Université Catholique de Louvain

MEADE,J.E.

"The theory of labour-managed firms and profit sharing", Economic J o u r n a l ,(1972),82,325,402-28

MEADE,J.E.

"The adjustment processes of labour cooperatives wi th cons ta nt returns to scale and perfect competition", Economic J o u r n a l ,(1979),89,D e c e m b e r ,781-88

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52. 53. 54. 55. 56. 57. 58. 59. MEADE,J.E.

"Labour co-operatives,labour-capital partnerships,and pr of it-sharing schemes",in M e a d e , J . E ./'Stagflation - Volume 1 - Wage Fixing",G.Allen & U n w i n ,(1982),Chapter IX , 119-137

MENCONI,M.

"Labour allocation and the labour-managed f i r m " ,Economic Analysis and Workers M a n a g e m e n t ,(1982),16,4,

331-M I L A N O V I C , B .

"The Austrian theory of the cooperative f i r m " ,Journal o f Comparatie ve E c o n o m i c s ,(1982),6,4,379-395

NUTI.D.M.

"Fusioni di imprese ed efficienza nei modelli di economie a u t o g e s t i t e " ,Rivista Internazionale di Scienze S o c i a l i , (1 98 3),XCI,4,487-495

NUTI.M.D.

"Mergers and disequilibrium in labour-managed

economies",Jahrbuch der Wirtsc ha ft Os te u r o p a s , (1985),11 1,73-90

PANTALEONI,M.

"Esame critico dei principi teorici della cooperazione", Giornale degli E c o n o m i s t i ,(1898),ora in P a n t a l e o n i , M ., "Scritti vari di ec on om ia ", Mi la no -P ale rm o- Na po li,Remo S a n d r o n ,(1904),203-80

P A R R I N E L L O ,S .

"Un contributo alla teoria dell'impresa jugoslava", E s t - O v e s t ,(1971),3

ROCKWELL,C.

"The relevance of Illyria for less developed countries", Centre Discussion Paper 56,Economic Growth Centre,Yale U n i v e r s i t y ,New Haven,June (1968)

SACKS,S.R.

"Transfer prices in decentralized self-managed enter­ prises", Journal of Comparative E c o n o m i c s ,(1977),1,2, 183-93 60.

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61. 62. 63. 64. 65. 66. 67. 68. 69. 70. SISK,D.E.

"The cooperative model versus cooperative organization" Jo urnal of Economie I s su es ,(1982),16,1,211-220

S T E I N H E R R , A .

"Profit-maximizing vs. labor-managed firms: a comparison of mark et structure and firm behavior"»Journal of Indus­ trial E c o n o m i c s , (1975),24,2,97-104

STEINHERR,A. THISSE,J.F.

"Are labour-managers really p e r v e r s e " ,Economic Letters (1979),2,137-142

STEINHERR,A. THISSE,J.F.

"Is there a negatively-sloped supply curve in the labour-manged firm".Economic Analysis and Workers M a n a g e m e n t ,(1979),13,23-33

SUCKLING,J.

" E mp lo ym en t,fiscal policy,and the labour ma naged firm", Public F i n a n c e , (1974),29,1,77-87

S V E J N A R , J .

"On the theory o f a participatory f i r m " ,Journal of E c on o­ mic T h o e e o r y , (1982)27,2,313-330

V A N E K , J . ES PI NOSA,J.G .

"The subsistence income»effort and development pote nt­ ial of labour management and other economic systems", Economic J o u r n a l , (1972),82,1000-1013

VANEK,J.

"The equilibrium of the labor-managed firm and a variable income distribution schedule".Cornell Univ., Wo rk in g Paper no. 48, February 1973

W A R D ,B .

"The firm in Illyria - market sy ndicalism".American Economic R e v i e w , (1958),48,4,566-589

ZAFIRIS.N.

"The form o f the maximand of the inegalitarian workers' co op e r a t i v e " ,British Review of Economic I s su es ,(1984)

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71. 72. 73. 74. 75. 76. 77. 78. 79. 80.

BENTAL,B . BEN ZION.U.

"Management contribution and the allocation of time in a labour-managed firm".Journal of Comparative E c o n o m i c s , (1982),6,353-62

BERMAN,M.D.

"Short-run efficiency in the labour-managed f i r m " ,Journal of Comparative E c o n o m i c s ,(1977),1,3,309-14

BONIN,J.P.

"Work incentives and uncertainty on a collective farm", Journal of Comparative E c o n o m i c s ,(1977),1,1,77-97

BONIN,J.P.

"Membership and employment in an egalitarian cooperative" E c o n o m i c a ,(1984),51,203,295-306.

BROWNING,M.J.

"Note on the maximand of a fixed-membership labor-managed f i r m " ,Economics L e t t e r s , (1979),3,215-19

BROWNING,M.J.

"Cooperation in a fixed-membership labor-managed enterpri; Journal of Comparative E c o n o m i c s ,(1982),6,3,235-47

CAMERON,N.

"Incentives and labour supply in cooperative enterprises", Canadian Journal of E c o n o m i c s ,(1973),6,1,16-22

CONTE,M.A.

"Incentives,income sharing,and institutional innovation in the Yugoslav self-managed firm: comment"»Journal of Comparative E c o n o m i c s , (1979),3,3,301-03

D 0 M A R , E .

"The Soviet collective farm as a producer cooperative", Amer ic an Economic R e v i e w , (1966),56,4,737-57

DOMA R,E.D.

"Reply", American Economic R e v i e w , (1967),57,1,223

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81. 82. 83. 84. 85. 86. 87. 88. 89. 90. FITZROY,F.R.

"Distribution,efficiency,and incentives in organizations", Managerial a n d Deci si on E c on om ic s,(1982),3,4,225-28

IRELAND,N.J. LAW.P.J.

" E f f i c i e n c y ,i n ce nt iv es,and individual labor supply in the labor-managed f i r m " ,Journal of Comparative E c o n o m i c s , (1981), 5,1,1-23

IRELAND,N.J. LAW,P.J.

"Private plot restrictions in a collective farm model", Canadian Journal o f E c o n o m i c s , (1980),13,3,475-485

IS RA EL SO N,L . D .

"Collectives,commupes,and in ce n t i v e s " ,Journal of Comparative E c o n o m i c s ,(1980),4,2,96-124

OI.W.Y. CLAYTON,E.S.

"A peasant's view of a Soviet collective farm"»American Economic R e v i e w , (1968),58,37-59

PUTTERMAN

"On the interdependence o f individual labor supplies in producers' cooperatives of given membership".Brown Univ ersity De p t of Econ. Wo rk in g Paper no . 83-8

PUTTERMAN,L.

"Voluntary collectivization: a model of producers institutional c h o i c e " ,Journal of Comparative Economics, (1980),4,2,125-157

R O B I N S O N , J .

"The Soviet collective farm as a producer cooperative: comment".American Economic R e v i e w ,(1967),57,1,222-23

SEN,A.K.

"Labour allocation in a cooperative e n t e r p r i s e " ,Review of Economic S t u d i e s ,(1966),33,361-71

THOMSON,W.

"Information and incentives in labour-managed economies", Journal of Comparative E c o n o m i c s ,(1982),6,3,248-268

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91. TYSON,L.

" Incentives,income sharing, and institutional innovation in the Yugoslav self-managed f i r m " ,Journal of Comparative E c o n o m i c s , (1979),3,3,285-301

B 2 i i i . Imperfect competition and oligopoly 92. C H I P L I N , B .

"Labour market discrimination against women: are workers' cooperatives the a n s w e r " ,Discussion Paper no. 68 , ( 1 9 8 3 ) »Department o f Industrial Economics, Nottingham University

93. CLARKE,R. ELSE.P.K.

"A note on price discrimination and the labour managed f i r m " ,Bulletin of Economic R e s e ar ch ,(1979),31,2,87-92 94. G A L - O R ,E . (et.al.)

"Allocative and distributional effects of a monopolistic cooperative firm in a capitalist economy"»Journal of Comparative E c o n o m i c s , (1980),4,158-73

95. GOLDEN,J.M.

"Managerial discretion in the labour managed firm - a note"»American E c o n o m i s t , (1982),26,2,69-70 96. GUESNERIE,R. L A F F O N T , J .J .

"Indirect public control of self-managed monopolies", Journal of Comparative E c o n o m i c s , (1984),8,2,139-58 97. H I L L , M . W A T E R S O N , M .

"Labour-managed Cournot oligopoly and industry output", Journal of Comparative E c o n o m i c s ,(1983),7,1,43-51 98. IRELAND,N.J. LAW,P.J.

"Advertising and the labour-managed f i r m " ,Journal of Industrial E c o n o m i c s , (1977),25,3,231-37

99. K A T Z , E . BERREBI,Z.M.

"On the pr ice-discriminating labour cooperative"»Econo­ mic Le t t e r s , (1980),6,99-102

100. KATZ,E. BERREBI,Z.M.

"On the price discriminating labour cooperative", Economic LE T T E R S , (1980),6,99-102

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1 01

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102

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103. 104. 105. 106. 107. 108. 109. 1 1 0

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LAFFONT,J.J. M O R E A U X ,M .

"The non-existence o f a free entry Cournot equilibrium in labour-managed e c o n o m i e s " .Econometrica,(1983),51,2,455-62

LA NDSBERGER,M. SUBOTNIK.A.

"Efficient regulation of a labor managed monopolistic firm" European Economic R e v i e w , (1980),13,2,229-37

L A W ,P .J . STEWART,G .

"Stackelberg duopoly with an Illyrian and profit- maximi zi ng f i r m " »Recherches Ec onomique de Louvain, (1983),49,2,207-12

M A I ,CHAO-CHENG JUN-JI.SHIH

"Output effect of the labour-managed firm under price dis­ crimination" .Economic J o u r n a l ,(1984),94,931-935

MEADE,J.E.

"Labour-managed firms in conditions o f imperfect co mpeti­ tion" .Economic J o u r n a l ,(1974),84,336,817-24

MIYAMOTO,Y.

"The labour-managed firm and ol ig opoly".Osaka City University Economic R e v i e w ,(1980),16,17-31

MIYAMOTO,Y.

"A labour-managed firm's reaction function recon­ sidered" .Warwick Economic Research Paper no. 218, (1982)

N A K A T A N I ,1.

"Behavior o f the labor-managed and capitalistic firm under imperfect mark et co nd i t i o n s " ,(in Japanese with English summary).Osaka Economic P a p e r s , (1977),26,3-4, 67-77

NEARY.H.M.

"Labour-managed Cournot oligopoly and industry output: a comment",Journal of Comparative E c o n o m i c s ,(1984),8, 322-327

PESTIEAU,P.

THISSE.J.F.

"On mark et imperfections and labor management"»Economic L e tt er s,(1979),3,353-6

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111. S E R T E L , M . ST EINHERR,A.

"Information,incentives and the design of efficient insti­ tutions", Zeitschrift fur die gesamte St aa ts wi se ns ch af t, (1984),140,233-246

112. S T E I N H E R R , A . V A N E K ,J .

"Labour-managed firms in conditions of imperfect compe- . tition: a comment".Economic Jo u r n a l , (1976),86,342,339-41 113. STEWART,G.

"Labour-managed firms and monopsony p o w e r " ,International Journal of Industrial O r g a n i z a t i o n ,(1984),2,63-74 114. SUCKLING,J.R.

"A note on the theory of the labour managed firm: the price discriminating labour managed m o n o p o l i s t " ,Bulletin of Economic Re s e a r c h , (1978),1,39-44

115. S V E J N A R , J . SMITH,S.C.

- "The economics of joint ventures in centrally planned and labor-managed ec on o m i e s " ,Journal of Comparative Economics, (1982),6,2,148-72

B2 iv .Risk and uncertainty 116. BONIN,J.P.

"On the theory of the competitive labor-managed firm under price uncertainty: a correction".Journal of Comparative E c o n o m i c s , (1980),4,3,31-337

117. B U C K , T . W . CH I P L I N , B ,

"Risk-bearing and s e i f- ma nagement",Kyklos,(1983),36,2, 270-84

118. F U K U D A ,W .

"On the theory of the labor-managed firm under uncertainty" Kokumin-Keizai Z a s s h i ,(1980),142,1,81-91

119. HAWAWINI,G. MICHEL,P.A.

"Theory of the risk averse producer cooperative firm facing uncertain demand",Annals of Public and Coopera­ tive E c o n o m y ,(1979),50,2,43-61

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120

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1 2 1

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1 2 2

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123. 124. 125. 126. 127. 128. HAWAWINI,G.

"Uncertainty and the production decisions o f owner- ma naged and labour-managed f i r m s " ,Oxford Economic P a p e r s , "( 1984 ), 36,119-30

HAWAWINI,G.A. MICHEL,P.A.

"Labour-managed enterprise and uncertainty: reply", Annals of Public and Co-operative E c o n o m y ,(1980),51,3, 327-33

HAWAWINI,G.A. MICHEL,P.A.

"The effect of pr oduction uncertainty on the labour-managed firm"»Journal of Comparative E c o n o m i c s , (1983),7,1,25-42

H E Y , J . D . ^ SUCKLING,J.

"Labour-managed enterprise and uncertainty: comment", Annals of Public and Co-operative E c o n o m y ,(1980),51,3, 321-25

HEY,J.D. SUCKLING,J.

"On the theory of the competitive labor-managed firm under price uncertainty: c o m m e n t " ,Journal of Comparative E c o n o m i c s ,(1980),4,3,338-41

HEY,J.D. SUCKLING,J.

"Risk-bearing in a Yugoslavian labour-managed firm- comment" .Oxford Economic P a p e r s , (1981),33,1,170-73

HEY,J.D.

"A unified theory of the behaviour of profit-maximising, labour-managed and joint-stock firms operating under u n c e rt ai nt y",Economic J o u r n a l ,(1981),91,362,364-74

HEY,J.D.

"Hedging and the competitive labor-managed firm under price un ce rtainty"»American Economic R e v i e w ,(1981),71, 4,753-57

H O R O W I T Z , I .

"More on the theory o f the competitive labor-managed firm under price uncertainty: note",Journal of Comparative E c o n o m i c s , (1982),6,3,269-72

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129. 130. 131. 132. 133. 134. 135. 136. 137. 138.

ISHII.Y.

"On the theory of the competitive firm under price uncertainty: a note".American Economic R e v i e w ,(1977), 67,768-9

K E R C H O V E ,A . M . de

"Demand patterns and risk-sharing in a labor-managed industry", Annals of Public and Co-operative Economy, (1979),50,2,63-73

M I Y A Z A K I , H . N E A R Y ,H .M .

"The Illyrian firm r e v i s i t e d " ,Bell Journal of Economics, (1983),14,1,259-70

MIYAZAKI,H.

"Internal bargaining,labour contracts and a Marshallian theory of the firm".American Economic R e v i e w ,(1984), 74,3,381-393.

M I Y A Z A K I ,H.

"On the success and dissolution of the labour-managed firm in the capitalist economy".Journal of Political E c o n o m y ,(1984),92,5,909-931

M U Z 0 N D 0 ,T .R.

"On the theory of the competitive labor-managed firm under price uncertainty".Journal of Comparative E c o n o m i c s ,(1979), 3,2,127-44

MUZ0ND0.T.R.

"On the theory of the competitive labor-managed firm under price uncertainty: a correction and co m m e n t " ,Journal of Comparative E c o n o m i c s , (1980),4,3,342-44

P A R 0 U S H , J . KAHANA,N.

"Price uncertainty and the cooperative firm".American Economic R e v i e w , (1980),70,212-16

P E S T I E A U , P .

"Profit maximization and labour-management under uncer­ tainty - an introductory note",Annals of Public and Cooperative E c o n o m y ,(1979),50,2,35-41

R A MA CH AN DR AN ,R. (et.al.)

"Risk-bearing in a Yugoslavian labour-managed firm",Oxford Economic P a p e r s ,(1979),31,2,270-82

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139. RA MA C H A N D R A N ,R .V . (et.al.)

"Response to comments by John D. Hey and John Suckling. Risk bearing in a Yu go slavian labour-managed firm", Oxford Economic P a pe rs ,N .S .,(1981),33,1,174-75 140. WANG.L.F.S. BOWLES,D.

"Demand u n c e r t a i n t y ,risk aversion and the labour-managed firm",Journal of Economic S t u d i e s ,(1985),11,1,49-54 141. W O L F S T E T T E R ,E . BROWN,M. MERA N,G.

"Optimal employment and risk sharing in Illyria-the labour-managed firm re c o n s i d e r e d " ,Zeitschrift fur die gesamte S t a a t s wi ss en sc ha ft,(1984),140,655-668

B3.Dynamics - Growth and Investment B 3 i .Growth

142. ATKINSON,A.B.

"Worker management and the modern industrial enterprise" Quarterly Journal of E c o n o m i c s ,(1973),87,375-92

143. ATKINSON,A.B.

"Worker management and the modern industrial enterprise- R e p l y " ,Quarterly Journal of E c o n o m i c s ,(1975),89,670-72 144. BERMAN,K.V. BERMAN,M.D.

"The long-run analysis of the labor-managed firm: Comment" American Economic R e v i e w , (1978),68,4,701-05

145. BONIN,J.P.

"Optimal employment policies for a multiperiod labour- managed socialist cooperative",Jahrbuch fur Wirtschaft O s t e u r o p a s , (1983),10,1,9-45

146. CONTE,M.A.

"Short run dynamics o f the labour-managed firm"»Economic Analysis and Workers Mana ge me nt ,13,1-2,3-21

147. DE M E Z A , D .

"A growth model for a tenured labour-managed firm- comment" »Quarterly Journal of E c o n o m i c s , (1983),98, 539-42

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148. JORGENSEN,S.

"Labour-managed vs. profit-maximizing firms: a dif­ ferential games solution to a problem of determining optimal l a b o ur -f or ce s",in Fe ic ht in ge r, G. (e d),"Optimal Control Theory and Econ. Analysis"»North Ho l l a n d , (1982) 149. SAPIR,A.

"A growth model for a tenured-labor-managed firm", Quarterly Journal of E c o n o m i c s ,(1980),95,3,387-402 150. ST EI N H E R R , A . PEER,H.

"Worker-management and the modern industrial enterprise - a n o t e " ,Quarterly Journal of E c o n o m i c s , (1975),89,662-72 151. ZE M A N I A N , A . H .

"Dynamic adjustment of labour allocation between collect­ ive state, or cooperative farming and private farming in a planned economy"»Journal of Comparative E c on om ic s,(1981), 3,292-317

B3ii.Investment and finance 152. BONIN,J.P.

"Labor-management and capital maintenance: investment decision in the socialist labor-managed firm".forthcoming in Advances in the Economic Analysis of Participatory and Labor-Managed F i r m s ,V o l .I,JAI Press.Greenwich C.T.,(1985) 153. CHILLEMI.0.

"Sul regime del capitale nell'impresa autoge st it a",Rivista Internazionale di Scienze Economiche e C o m m e r c i a l i ,(1981), 28,1-2,151-69

154. D E F O U R N Y , J .

"L'autofinancement des cooperatives de travailleurs et la théorie economique"»Annals of Public and Co-operative E c o n o m y ,(1983),54,201-224

155. DUMAS,A. SERRA,D.

"Modèle d'autofinancement dans l'entreprise autogeree d'un système s o c i a l i s t e " ,Revue d'économie po l i t i q u e ,(1973),6, 1022-1041

156. F U R U B 0 T N ,E .

"Toward a dynamic model of the Yugoslav f i r m " ,Canadian Journal of E c o n o m i c s , (1971),4,2,182-197

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157. 158. 159. 160. 161. 162. 163. 164. 165. 166. F U R U B O T N , E . G .

"Bank credit and labor-managed firm - Yugoslav case", Canadian-American Slavic S t u d i e s ,(1974),8,1,89-106

FURUBOTN,E.G.

"The long-run analysis of the labor-managed firm: reply" Amer ic an Economic R e v i e w ,(1978),68,4,706-09

FURUBOTN,E.G.

"The socialist labor-managed firm and bank-financed investment: some theoretical i s su es ",Journal of Com­ parative E c o n o m i c s , (1980),4,2,184-91

FURUBOTN,E.G.

"Bank credit and the labor-managed firm: reply", Amer ic an Economic 'Review,(1980),4,800-04

FURUBOTN,E.G.

"Tradable claims and self-financed investment in the ca pitalist labor-managed f i r m " ,Zeitschrift fur die gesamte S t a a ts wi ss en ch af t,(1980),136,4,630-41

FURUBOTN,E.G.

"Decision-making under labour-management: the com­ mi tm en t mechanism reconsidered",Zeitschrift fur die gesamt Staa ts wi ss en sc ha ft ,(1979),135,2,216-227

FURUBOTN,E.G.

"The long-run analysis of the labor-managed firm: an alternative interpretation"»American Economic Review, (1976),66,1,104-123

FURUBOTN,E.G. PEJOVICH.S.

"Tax policy and investment decisions of the Yugoslav firm", National Tax J o u r n a l ,(1970),23,335-348

G U I ,B .

"Investment decisions in a worker-managed f i r m " ,Economic Analysis and Workers M a n a g e m e n t ,(1981),15,1,45-65

GU I , B .

"Basque versus Illyrian labor-managed firms: the problem of property ri g h t s " , U n i v . degli Studi di T r i e s t e ,Istituto di E c o n o m i a , (1982-83),Quaderno 24,1-29,also in Journal of Comparative E c o n o m i c s , (1984),8,2,168-81

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167. 168. 169. 170. 171. 172. 173. 174. 175. KING,À.E.

•'Property rights and investment in human capital by the labor-managed firm: a note on Vanek's c o n j ec tu re ".Rivista Internazionale di Scienze Economiche e C o m m er ci al i,(1979), 26,9,858-64

L I T T ,F .- X. STEINHERR,A. THISSE,J.-F. "Investment decisions in profit-maximizing and labour- managed firms: a dynamic comparative a n a l ys is ",Inter­ national Institute of Management Discussion P a p e r , (1975)

MCCAIN,R.A.

"On the optimum financial environment for worker coop­ eratives" ,Zeitschrift fur National ök on om ie ,(1977),37, 355-84

NU TZINGER,H.G.

"Investment and financing in a labour-managed firm and its social implications".Economic Analysis and Workers M a n a g e m e n t ,(1975),9,181-201

P E J O V I C H ,S .

"The labor-managed firm and bank credit",in Thornton,J. (ed),"The Economic Analysis of the Soviet-type S y s t e m " ,(1076 Cambridge University Press,Cambridge

S C H L I C H T ,E . VON W E I Z S Ä C K E R ,C.C.

"Risk financing in labour managed economies - the com­ mi tm en t p r o b l e m " »Zeitschrift fur die Gesamte Staatswiss­ enschaft , Special issue on pr of it -s ha ri ng ,(1977),53-66

STEPHEN,F.H. SMITH,B.

"Capital investment in the Yugoslav f i r m " ,Canadian Journal of E c o n o m i c s ,(1975),8,609-17

STEPHEN,F.H.

"Bank credit and the labor-managed firm: comment", American Economic R e vi ew ,(1980),4,796-99

STEPHEN,F.H.

"Bank credit and investment by the Yugoslav firm", Economic Analysis and Workers Ma na g e m e n t , (1978), 12,221-39

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176. STEPHEN,F.H.

"Property rights and the labour-managed firm in the long run"»Economic Analysis and Workers' Management, (1979),13,150-166

177. TAYLOR,R.A.

"Labor-managed firms and capital s u b s cr ip ti on s",Rivista Internazionale di Scienze Economiche e C o m m e r c i a l i ,(1974), 21,1,75-82

178. V A N E K ,J .

"The investment decision under labor management and its social efficiency implications", Cornell Univ., Wo rking Paper no. 55, June 1973

179. Z A F I R I S , N .

"Appropriability rules,capital maintenance and the efficiency of cooperative investment"»Journal of Comparative E c o n o m i c s , (1982),6,55-74

180. Z E V I , A .

"Diritti patrimoniali dei soci e comportamento dell'impresa cooperativa di produzione e lavoro nella disciplina vigente e nelle proposte di r i f o r m a " ,Rivista della Cooperazione, (1984),21,otto br e- di ce mb re»284-308

B4.Miscellaneous 181. ABELL,P.

"The viability of industrial producer cooperatives", International Year bo ok of Organizational Democracy, (1983),1,73-106

182. BAUMGARTNER,T. (et.al.)

"Autogestion and plan ni ng - dilemmas and possibilities", Economic Analysis and Workers Ma na g e m e n t , (1981),4,459-80 183. BRADLEY,K.

"A comparative analysis of producer cooperatives : some theoretical and empirical implications"»British Journal of Industrial R e l a t i o n s , (1980),18,155-68 184. BURCK,C.G.

"What happens when workers manage t h e m se lv es "» Fo rt un e, (1981),27,63-69

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185. 186. 187. 188. 189. 190. 191. 192. 193. 194. C H I L O S I ,A .

"Il modello di economia socialista .di mercato autoges­ tita di Breit e L a n g e " , Rivista internazionale di Scienze S o c i a l i ,(1982),X C ,3,228-304

D I R L A M , J .

"Some problems of workers self-management specific to cyclical»oligopolistic industries: steel"»Economic Anal­ ysis and Workers Ma na g e m e n t , (1979),13,3,339-54

H O R V A T ,B .

"An institutional model of a self-managed socialist economy" Ea st er n European E c o n o m i c s ,(1972),4,369-92

HORVAT,B.

"Fundamentals o f a theory of distribution in self-govern­ ing socialism"»Economic A n a l y s i s ,(1967),1,1-2,24-42

HORVAT,B.

"The organizational theory of workers' management", Inter. Year bo ok of Organiz. Democracy, (1983),1,279-302

JONES,D.C.

"British economic thought on associations of labourers", Anna ls of Public and Cooperative E c o n o m y , (1976),47,1-32

K0RAC.M.

"Tesi per una teoria della produzione mercantile socia­ lista", in Bo ff itto,C.(a cura d i ),"Socialismo e mercato in J u g o sl av ia ", Ei na ud i,(1968),231-56

KWON,J . K .

"A model o f the law f i r m " »Southern Economic Journal, (1978),45,63-74

M A N D E L , E .

"Self-management - dangers and po ss ib il it ie s",Internat­ ional , (1975) ,2/3, 3-9

MCGREGOR,A.

"Rent extraction and the survival of the agricultural produc ti on co-operative".American Journal of Agricul­ tural Ec o n o m i c s ,(1977),59,3,478-88

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195. NU TZINGER,H.G.

"The economics of property r i g h t s " ,Economic Analysis and Workers M a n a g e m e n t ,(1982),16,81-97

196. O'MAHONEY,D.

"Labour-management and the market economy"»Journal of Irish Business and Administrative R e s e a r c h ,(1979),1,1, 16-41

197. PAULY,M. R E D I S C H , M .

"The not-for-profit hospital as a physicians cooper­ ative" »American Economic R e v i e w ,(1973),63,87-99 198. P E J O V I C H ,S .

"The firm,monetary; policy and property rights in a planned ec on omy"»Western Economic J o u r n a l ,(1969),7,3,193-200 199. PUTTERMAN,L.

"On some recent explanations of why capital hires labour", Economic I n qu ir y,(1984),22,2,171-187

200. R O C A ,S .

"An approach towards differentiating self-managed from non-self-managed enterprises"»Economic Analysis and Workers M a n a g e m e n t ,(1981),15,1,1-19

201. SMITH,S.C.

"Does employment matter to the labor-managed firm - some theory and an empirical illustration"»Economic Analysis and Workers M a n a g e m e n t ,(1984),

202. S T A A T Z ,J . M .

"The cooperative as a coalition: a game theoretic approach"»American Journal of Agricultural Economics, (1983),5,1084-1095

B5 . Employee Participation

203. BREIT,M. L A N G E ,0.

"Un mo dello di economia socialista di mercato autogestita con garanzia di pieno impiego e di uguaglianza distri­ butiva" »Rivista internazionale di Scienze s o c i a l i ,(1982), X C ,3,301-304

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204. 205. 206. 207. 208. 209. 2 1 0

.

2 1 1. B E C K M A N N , M . J .

"Hierarchy vs. p a r t ne rs hi p",Journal of Economic Behaviour a n d O r ga ni za ti on ,(1984),5,237-245

CABLE,J.

"Employee participation and firm performance: a prisoners' di lemma framework",EUI Working Paper no . 84/126,(1984)

F U R U B O T N , E .

"Codetermination,productivity gains and the economics of the firm",Oxford Economic P a p e r s ,(1985),37,1,22-39

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217. S T E INHERR,A.

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228. 229. 230. 231. 232. 233. 234. 235. 236. ESPI NO SA ,G.J.

"Workers participation in the management of enterprises and the.ownership and financing of the means of product­ ion: a strategy for the transition".Economic Analysis and Workers M a n a g e m e n t ,(1983),17,2,99-120

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237. YOUNG,M.

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"Workers cooperatives in Denmark"»Managerial and Deci si on E c o n o m i c s " ,(1982),3,4,205-212

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C2iv.Finland

244. L A A K K O N E N ,V .

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C2vi.Ireland

252. FANNING,C. TOMKIN,D.

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260. V E R R U C O L I , P .

"Crisi ec onomica d e l l ’impresa e organizzazioni coopera­ tive" »Rivista della C o op er az io ne ,(1981)»7,13-37 261. ZAN,S.

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"Les solutions de Mo ndragon au x problèmes des coope­ ratives de production",Review o f International Coope­ rati on ,(1984),1,45-54

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"The distribution o f earnings and capital in the Mon­ dragon cooperatives"»Economic Analysis and Workers M a n a g e m e n t ,(1980),14,363-92

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