G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Are Workers' Enterprises Entry Policies Conventional
Michele Moretto; Gianpaolo Rossini
发表日期2007
出处Economy and Society
出版年2007
语种英语
摘要One of the main reasons why workers' enterprises (WE) still represent a relevant chunk of the economy may lie in some affinities with conventional profit maximizing firms. To prove this, we compare the entry policies of WEs and conventional firms when they can decide size at entry while having to stick to it afterwards. Even though short run differences remain, a long run coincidence appears besides that under certainty. Endogenizing size and time of entry in an uncertain dynamic environment we see that WEs enter at the same trigger and size of conventional firms. Both of them wait less and choose a dimension larger than the minimum efficient scale. This may be another way to explain why WE are still an important share of the economy (Hesse and Cihàk, 2007) despite the ongoing mantra of their imminent demise.
特色分类G13,J54,L3
关键词Workers' Enterprises,Entry,Uncertainty,Rigidity
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/are-workers-enterprises-entry-policies-conventional/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/117450
推荐引用方式
GB/T 7714
Michele Moretto,Gianpaolo Rossini. Are Workers' Enterprises Entry Policies Conventional. 2007.
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