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Labour-managed firms and monopsony power

Labour-managed firms and monopsony power
Labour-managed firms and monopsony power
Monopsony power in the labour market is shown to have important consequences for comparisons between an 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 LMF than in the CF, and the level of employment in the LMF may be higher or lower than in the CF. Monopsony power is also seen to have interesting implications for models of membership contraction in LMFs.
0167-7187
63-74
Stewart, Geoff
a94573f3-bb92-416f-ba18-3c6272224d18
Stewart, Geoff
a94573f3-bb92-416f-ba18-3c6272224d18

Stewart, Geoff (1984) Labour-managed firms and monopsony power. International Journal of Industrial Organization, 2 (1), 63-74. (doi:10.1016/0167-7187(84)90033-X).

Record type: Article

Abstract

Monopsony power in the labour market is shown to have important consequences for comparisons between an 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 LMF than in the CF, and the level of employment in the LMF may be higher or lower than in the CF. Monopsony power is also seen to have interesting implications for models of membership contraction in LMFs.

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Published date: March 1984

Identifiers

Local EPrints ID: 33041
URI: http://eprints.soton.ac.uk/id/eprint/33041
DOI: doi:10.1016/0167-7187(84)90033-X
ISSN: 0167-7187
PURE UUID: fb8a3a9c-3335-411e-8215-0d9a8c07abd5

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Date deposited: 12 Dec 2007
Last modified: 15 Mar 2024 07:41

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Author: Geoff Stewart

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