This paper studies the effect of output-price uncertainty in an industry comprised of labor-managed firms (LMFs) in which the number of LMFs and their membership are determined endogenously. The exit condition for a risk-averse LMF member is formulated and the effect of various economic...

The Israeli agricultural sector enjoys a far-reaching exemption from antitrust regulation. The exemption includes farmers and wholesalers of agricultural products and enables restrictive arrangements, which may reduce competition. A comparative analysis of antitrust regulation in Israel, the...