Theory of the risk averse producer cooperative firm under uncertain demand

Hawawini, Gabriel and Michel, Pierre (1979): Theory of the risk averse producer cooperative firm under uncertain demand. Published in: Annals of Public and Cooperative Economy , Vol. 50, No. April/June 1979 (1979): pp. 43-62.

Abstract

This article extends the standard theory of the producer cooperative firm to the case of production under condition of risk

• Item Type: MPRA Paper
• Language: English
• Keywords: Labor-managed firm; cooperative firm; production under uncertainty
• Subjects: D - Microeconomics > D2 - Production and Organizations > D21 - Firm Behavior: Theory; J - Labor and Demographic Economics > J5 - Labor-Management Relations, Trade Unions, and Collective Bargaining > J54 - Producer Cooperatives ; Labor Managed Firms ; Employee Ownership; D - Microeconomics > D2 - Production and Organizations > D24 - Production ; Cost ; Capital ; Capital, Total Factor, and Multifactor Productivity ; Capacity

References

Furubotn, E. "The long-run analysis of the labor-managed firm: An alternative interpretation", American Economic Review, March 1976.

Hawawini, G. "A mean-standard deviation exposition of the theory of the firm under uncertainty", American Economic Review, March 1978.

Hawawini, G. and P. Michel "Production as behavior toward risk", Recherche Economique de Louvain, September 1979.

Taub, A. "The cooperative firm under uncertainty", Eastern Economic Journal, April 1974.