On the sale of production rights and firm organization


Ireland, Norman J. and Stewart, Geoff (1995) On the sale of production rights and firm organization. Journal of Comparative Economics, 21, (3), 289-307. (doi:10.1006/jcec.1995.0002).

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Original Publication URL: http://dx.doi.org/10.1006/jcec.1995.0002

Description/Abstract

It is argued that the owner of production rights may not be indifferent across organizational structures of producers. In particular, the owner may prefer to grant some or all of the rights to labor-managed firms. The reason is that such firms adopt a less competitive strategy and so generate more industry rent, which the owner can capture as fee payments. A mixed duopoly may be particularly attractive. The conflict between revenue-raising and the pursuit of efficiency as objectives of government privatization programs is highlighted, and the relevance to East European reform discussed.

Item Type: Article
ISSNs: 0147-5967 (print)
Related URLs:
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
Divisions: University Structure - Pre August 2011 > School of Social Sciences > Economics
ePrint ID: 33033
Date Deposited: 12 Dec 2007
Last Modified: 27 Mar 2014 18:20
URI: http://eprints.soton.ac.uk/id/eprint/33033

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