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Wages, employment, and capital in capitalist and worker-owned firms

Pencavel, John H. (contributor); … - 2006

Differences in wages, employment, and capital between worker-owned and capitalist enterprises are computed from a …, employment, and capital equations largely corroborate the implications of the behavioral models of the two types of enterprise … capitalist and co-op enterprises. -- worker-owned firms ; capitalist firms ; wages ; employment ; capital …

Persistent link: https://www.econbiz.de/10003339781

Mutual monitoring in teams : theory and experimental evidence on the importance of reciprocity

Carpenter, Jeffrey P. (contributor); … - 2006

Monitoring by peers is often an effective means of attenuating incentive problems. Most explanations of the efficacy of mutual monitoring rely either on small group size or on a version of the Folk theorem with repeated interactions which requires reasonably accurate public information...

Persistent link: https://www.econbiz.de/10003314674

Efficiency in employee-owned enterprises : an econometric case study of Mondragon

Arando, Saioa; Gago, Monica; Jones, Derek Charles; … - 2011

We provide the first econometric study of efficiency for a member of the Mondragon group of worker cooperatives. Eroski is a retail distribution chain and, most unusually, there are two distinct types of hypermarkets: (i) cooperatives with significant employee ownership and voice; and (ii) GESPAs...

Persistent link: https://www.econbiz.de/10009306898

Looking after number two? : competition, cooperation and workplace interaction

Barmby, Tim A.; Sessions, John G.; Zangelidis, Alexandros - 2013

We build a model of worker interdependence in which two workers can either compete or cooperate and compare performance under either scenario to that of a single worker working in isolation. We show that whilst competition unequivocally reduces performance, cooperation may raise or lower...

Persistent link: https://www.econbiz.de/10010226024

Equality under threat by the talented : evidence from worker-managed firms

Burdín, Gabriel - 2013

Are high-ability individuals more likely to quit egalitarian regimes? Does the threat of exit by talented individuals restrict the redistributive capacity of democratic organizations? This paper revisits that long-standing debate by analyzing the interplay between compensation structure and quit...

Persistent link: https://www.econbiz.de/10010229493

Profit sharing and workplace productivity : does teamwork play a role?

Long, Richard J.; Fang, Tony - 2013

The conditions under which profit sharing affects workplace productivity have never been fully understood. Using panel data, this paper examines whether there is any link between adoption of an employee profit sharing plan and subsequent productivity growth in Canadian establishments, and...

Persistent link: https://www.econbiz.de/10010229935

Workplace democracy and job flows

Alves, Guillermo; Burdín, Gabriel; Dean, Andres - 2014

This paper investigates the relationship between workplace democracy and job flows (net job creations, gross job creations and destructions) by comparing the behavior of worker-managed firms (WMFs) and conventional firms. The empirical analysis relies on high frequency administrative firm-level...

Persistent link: https://www.econbiz.de/10010415537

The labor supply of self-employed workers : the choice of working hours in worker co-ops

Pencavel, John H. - 2014

Workers in cooperatives are self-employed workers and, if they resemble employees in conventional workplaces, they care about the length of their working hours. In this paper, their choice of hours is characterized as a conventional labor supply decision and a familiar hours-wage relationship is...

Persistent link: https://www.econbiz.de/10010417961

Share capitalism and worker wellbeing

Bryson, Alex; Clark, Andrew E.; Freeman, Richard B.; … - 2014

survive a variety of methods aimed at accounting for unobserved individual and job-specific characteristics. We investigate …

Persistent link: https://www.econbiz.de/10010458483

Shirking, standards and the probability of detection

Sessions, John G.; Skåtun, John Douglas F. - 2015

By relaxing the common efficiency wage assumption of exogenous shirking detection probabilities, we demonstrate how standards and efficiency wages are related. In a more general setting where the probability of detection depends upon the equilibrium effort level of non-shirkers, we show that the...

Persistent link: https://www.econbiz.de/10010488287

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