A long-standing issue in industrial economics is the understanding of the relative prevalence of labor-managed firms (LMFs) and capitalist firms across industries. In proportionate terms, LMF entry tends to be highly concentrated in particular industries. We provide empirical evidence on this by...

Monopsony Power in the labour market is shown to have important consequences for comparisions between Illyrian labour-managed firm (LMF) and a profit maximising capitalist firm (CF) operating in the same markets with the same technology. If the CF earns positive profits then workers earn more in...

The main aim of this paper is to suggest a model which relates wage rates to the degree monopsony power in the labour market. Labour market monopsony power has received relatively little theoretical or empirical attention, yet there are a number of reasons for believing it may be a fairly...

In a recent survey, Estrin and Bartlett (1980) argue that one of the weaknesses of the existing empirical literature on the Yugoslav labour market is its failure to directly test the central predictions of theoretical models of labour-managed firms (LMF's). Rather, the focus has been on indirect...

This paper draws on a comprehensive data set from Portugal to address three central themes in the labour-managed …rm (LMF) literature: the types of activity undertaken by LMFs, their scale of operation and their survival prospects. The data allow individual …rms to be tracked over a 25 year...