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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

Abstract

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.

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Published date: May 1992

Identifiers

Local EPrints ID: 33036
URI: http://eprints.soton.ac.uk/id/eprint/33036
ISSN: 0167-2681
PURE UUID: e8ede1c9-cb44-4807-af7a-7e6474dc2486

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

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Author: Geoff Stewart

University divisions

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