Abstract
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 language | English |
|---|---|
| Pages (from-to) | 240-243 |
| Number of pages | 4 |
| Journal | Journal of Comparative Economics |
| Volume | 12 |
| Issue number | 2 |
| DOIs | |
| State | Published - 1 Jan 1988 |
| Externally published | Yes |
ASJC Scopus subject areas
- Economics and Econometrics