Is there anything perverse about the labor-managed firm?

Research output: Contribution to journalArticlepeer-review

1 Scopus citations


If the number of members in a labor-managed firm is fixed in the short run, then the wage payment may respond perversely to an increase in the price of output in the sense that a higher price of output leads to a lower wage payment. This note establishes when such wage perversity occurs and what conditions may prevent it.

Original languageEnglish
Pages (from-to)240-243
Number of pages4
JournalJournal of Comparative Economics
Issue number2
StatePublished - 1 Jan 1988
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics


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