A worker co-operative is a firm that is owned and managed by those who work in it. This paper provides a selective … efficiency of co-ops; and on problems of democratic governance within co-ops. Using modern empirical methods applied to large …

We provide the first econometric study of efficiency for a member of the Mondragon group of worker cooperatives. Eroski … difference models we find that hypermarket stores with cooperative ownership grow sales significantly faster than GESPA stores … cooperatives. Finally, while cooperative members are better paid than their peers in comparable firms, individual-level data also …

worker cooperative. The conventional bundle of rights in a corporation is analysed and then shown how it is changed and … reparsed in a worker cooperative according to those first principles …

We develop a financial-contracting theory of the cooperative firm where production requires three generic tasks … anecdotal evidence on the causes of worker buyouts and cooperative degeneration. Our theory is also consistent with differences …' input into a final output; and directors monitor managers. We model the cooperative firm by letting the workers act also as …