Cuccia, Tiziana and Cellini, Roberto (2007): Workers' enterprises in the case of arts production.
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This paper shows that the standard result according to which labour-managed firms produce a lower amount of output, as compared to profit-maximising firms, is reversed if production per se gives utility and the workers’ membership of labour-managed firms is set prior to market decisions. Under the same hypotheses, the labour-managed firms set a higher product quality than the profit-oriented ones, ceteris paribus. The considered hypotheses are particularly relevant for the case of the performing arts sector, so that the presence of labour-managed firms should be particularly welcomed in this sector.
|Item Type:||MPRA Paper|
|Institution:||University of Catania|
|Original Title:||Workers' enterprises in the case of arts production|
|Keywords:||workers'enterprises; labour managed firms; arts|
|Subjects:||L - Industrial Organization > L8 - Industry Studies: Services > L82 - Entertainment; Media
L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L23 - Organization of Production
|Depositing User:||Roberto Cellini|
|Date Deposited:||07. Oct 2007|
|Last Modified:||13. Feb 2013 15:09|
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