The University of Southampton
University of Southampton Institutional Repository

Management objectives and strategic interactions among capitalist and labour-managed firms

Stewart, Geoff (1992) Management objectives and strategic interactions among capitalist and labour-managed firms Journal of Economic Behavior & Organization, 17, (3), pp. 423-431. (doi:10.1016/S0167-2681(95)90018-7).

Record type: Article


It has recently been shown that the separation of ownership and control in a capitalist firm may not lead to a conflict of interests between managers and owners when there are oligopolistic interactions between firms. This paper introduces labour-managed firms into the picture. We show that when the labour-managed firm is involved the prospect of gains from managerial discretion under Cournot oligopoly may be replaced by an inevitable loss. In an entry deterrence framework on the other hand there is, once more, the possibility of mutual gains. The effect of strategic behaviour more generally may therefore depend upon firm organisation.

Full text not available from this repository.

More information

Published date: May 1992


Local EPrints ID: 33036
ISSN: 0167-2681
PURE UUID: e8ede1c9-cb44-4807-af7a-7e6474dc2486

Catalogue record

Date deposited: 12 Dec 2007
Last modified: 17 Jul 2017 15:54

Export record



Author: Geoff Stewart

University divisions

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton:

ePrints Soton supports OAI 2.0 with a base URL of

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.