Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154983
Authors: 
Moretto, Michele
Rossini, Gianpaolo
Year of Publication: 
1999
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 29.1999
Abstract: 
The main issue is the organisation of firms when different degrees of labour participation are taken into account. We start reviewing the literature on the LM firm. We then consider a less radical labour participation, i.e. the Aoki firm. We survey extensions of the Aoki's firm to the case of market uncertainty, where also the question of the optimal allocation of the shut down decision is tackled, when shareholders are not able to maximise the total payoff accruing to both workers and owners. By and large, it appears that the degree of labour participation in decisions and rent sharing in a firm is not a settled question, even though is seems to depend on the respective degree of firm specificities of production factors.
Subjects: 
Labour participation
Firm organisation
JEL: 
L20
D92
Document Type: 
Working Paper

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