Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/158948
Authors: 
Delbono, Flavio
Year of Publication: 
1991
Series/Report no.: 
Quaderni - Working Paper DSE 105
Abstract: 
I consider the point of view of an economic reformer aiming at improving social welfare in a currently monopolized labour-managed industry. I show that giving some tiny weight to output ti.e., consumere' surplus) in the original maximand may result in an outcome socially superior to those resulting from (partial or complete) privatization and/or liberalization.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Working Paper

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