The labor-managed firm: theoretical foundations
Material type:
TextPublication details: New York Cambridge University Press 2019 Description: xvi, 413 pISBN: 9781107589650Subject(s): Industrial management--Employee participation | Industrial organization (Economic theory)DDC classification: 338.69 Summary: In previous work, Gregory K. Dow created a broad and accessible overview of worker-controlled firms. In his new book, The Labor-Managed Firm: Theoretical Foundations, Dow provides the formal models that underpinned his earlier work, while developing promising new directions for economic research. Emphasizing that capital is alienable while labor is inalienable, Dow shows how this distinction, together with market imperfections, explains the rarity of labor-managed firms. This book uses modern microeconomics, exploits up-to-date empirical research, and constructs a unified theory that accounts for many facts about the behavior, performance, and design of labor-managed firms. With a large number of entirely new chapters, comprehensive updating of earlier material, a critique of the literature, and policy recommendations, here Dow presents the capstone work of his career, encompassing more than three decades of theoretical research.
| Item type | Current library | Collection | Call number | Copy number | Status | Date due | Barcode |
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Indian Institute of Management LRC General Stacks | Human Resource and Organization Behvaiour | 338.69 DOW (Browse shelf(Opens below)) | 1 | Available | 002579 |
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| 338.476023 MCD Cracking the PM interview: how to land a product manager job in technology | 338.6 CAR Modern industrial organization | 338.6048 IYE Battle ready: | 338.69 DOW The labor-managed firm: theoretical foundations | 338.76636209 NOO My life in full: work, family, and our future | 338.88 HOF Cultures and organizations: software of the mind | 338.88 HOF Cultures and organizations: software of the mind |
Table of Contents
Part I. Setting the Stage:
1. The puzzling asymmetry
Part II. Perfection and Symmetry:
2. Profit maximization and control rights
3. The labor-managed firm in the short run
4. The labor-managed firm in the long run
5. The labor-managed firm in general equilibrium
Part III. Imperfection and Asymmetry:
6. Empirical asymmetries (I)
7. Empirical asymmetries (II)
8. The rarity of labor-managed firms
Part IV. Appropriation Problems:
9. Imperfect appropriation
10. Firm formation with adverse selection
11. Partnership markets with adverse selection
Part V. Public Good Problems:
12. Collective choice and investor takeovers
13. Free riding and employee buyouts
Part VI. Opportunism Problems (I):
14. Transaction cost economics
15. Firm-specific investments
Part VII. Opportunism Problems (II):
16. Asset ownership and work incentives
17. Capital stocks and labor flows
18. Honest and dishonest controllers
Part VIII. Synthesis and Agenda:
19. Breaking the symmetry
20. Policy directions.
In previous work, Gregory K. Dow created a broad and accessible overview of worker-controlled firms. In his new book, The Labor-Managed Firm: Theoretical Foundations, Dow provides the formal models that underpinned his earlier work, while developing promising new directions for economic research. Emphasizing that capital is alienable while labor is inalienable, Dow shows how this distinction, together with market imperfections, explains the rarity of labor-managed firms. This book uses modern microeconomics, exploits up-to-date empirical research, and constructs a unified theory that accounts for many facts about the behavior, performance, and design of labor-managed firms. With a large number of entirely new chapters, comprehensive updating of earlier material, a critique of the literature, and policy recommendations, here Dow presents the capstone work of his career, encompassing more than three decades of theoretical research.
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