The Labor-Managed Firm : Theoretical Foundations (Hardcover)

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.