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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 …
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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 …
Persistent link: https://www.econbiz.de/10013124780
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 …
Persistent link: https://www.econbiz.de/10012934637
Economists believe that a problem of team production results from the desirability of production in (sometimes large) groups, the difficulty of rewarding individual group members based on their (difficult or impossible to measure) individual contributions, and the presumed interest of each...
Persistent link: https://www.econbiz.de/10014023656
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.Findings – In this study, results indicate that business profitability (return on assets), productivity and equity capital …
Persistent link: https://www.econbiz.de/10013073149
Thanks to algorithmic management, the digital platform sector does not require sophisticated governance structures and labour intensity tends to be higher than in traditional sectors. So, why aren’t usually digital labour platforms worker cooperatives? We develop a simple model to study...
Persistent link: https://www.econbiz.de/10012866809
A fundamental question for economics is why large firms in market economies usually assign control rights to capital suppliers rather than labor suppliers. A diverse collection of answers can be found in the literature. But unfortunately little theoretical consensus has emerged, and few attempts...
Persistent link: https://www.econbiz.de/10014141245