Download or read book Codetermination Productivity Gains and the Economics of the Firm written by Eirik G. Furubotn and published by . This book was released on 1982 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advocates of codetermination assert that labor's participation in the corporate decision-making process will enhance the efficiency of the firm and lead both workers and stockholders to Pareto-superior welfare positions. There is, however, no widely accepted theory of the codeterminationist firm and some doubt exists concerning how the projected welfare gains arise and how their distribution is accomplished. The present paper throws some light on thse issues by developing an analytical model that explains the circumstances under which the claims made for codetermination are valid and those under which the claims are invalid. Given a static universe and certain other specialized assumptions, it is found that a shift to codetermination can produce Pareto improvements for the firm. But, under dynamic conditions, labor participation can neither guarantee allocative efficency nor ensure a continuing series of Pareto improvements. Conflict situations can easily arise between workers and stockhoders; in general, codetermination is compatible with movement to Pareto-inferior solutions as well as to Pareto-superior solutions.
Download or read book The Economics of Codetermination written by J. Addison and published by Springer. This book was released on 2015-10-14 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mixing economic theory and empirical analysis, this book tackles the economics and econometrics of codetermination, rooted in the German Mitbestimmung. The core themes are an examination of the theory and practice of co-determination at plant (work councils) and enterprise (worker directors) levels.
Download or read book The Economics of Firm Productivity written by Carlo Altomonte and published by Cambridge University Press. This book was released on 2022-04-21 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides empirical evidence on how firm-level data can help governments strike the right policy balance and ultimately achieving higher aggregate productivity.
Download or read book Codetermination written by Hans G. Nutzinger and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditional firm structures are currently undergoing drastic change. The changes that the traditional firm is currently undergoing will permit active involvement of labor at all levels of the firm's decision-making process, offer workers substantial job security, protect workers' firm specific investment against excessive losses, guarantee workers at least market rates of return on their human capital and will allow labor a major role in shaping the firm's work rules and the production environment. These changes pose an enormous challenge to practitioners and policy-makers alike. The difficulties of appropriately modeling the new codetermined firms are also formidable. The present collection of papers furnishes building blocks for a better analysis of complex firm structures. The present effort is designed to be a workbook, a point of departure on which new research and teaching is to be built, and a work of reference on what has already been accomplished.
Download or read book The Codetermination Movement in the West written by Liberty Fund and published by Lexington, Mass. : Lexington Books. This book was released on 1978 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph comprising eight contributions on the concept and economic analysis of the codetermination movement in Western Europe, with particular reference to Germany, Federal Republic, Sweden and the UK - reviews the historical development of workers participation, and deals with economic implications respecting investment, employment and income distribution. Diagrams, graphs, references and statistical tables.
Download or read book Collected Works of Domenico Mario Nuti Volume II written by Saul Estrin and published by Springer Nature. This book was released on 2023-08-10 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, the second of two volumes, brings together the work of Domenico Mario Nuti to highlight his significant and varied contribution to economics. Bringing together works from across Nuti’s career, his distinctive intellectual framework is exemplified in relation to discussions on the drivers of economic growth and development, the most efficient economic system, the organisation of firms, and how economies should be managed. This volume gives particular attention to Nuti’s views about how economic systems evolve, about the possibilities for various forms of economic democracy; and his analysis of East-West integration and globalization. The volume also contains a bibliography of his works.
Download or read book Works Councils written by Joel Rogers and published by University of Chicago Press. This book was released on 2009-05-15 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the influence of labor unions declines in many industrialized nations, particularly the United States, the influence of workers has decreased. Because of the need for greater involvement of workers in changing production systems, as well as frustration with existing structures of workplace regulation, the search has begun for new ways of providing a voice for workers outside the traditional collective bargaining relationship. Works councils—institutionalized bodies for representative communication between an employer and employees in a single workplace—are rare in the Anglo-American world, but are well-established in other industrialized countries. The contributors to this volume survey the history, structure, and functions of works councils in the Netherlands, Germany, France, Spain, Sweden, Italy, Poland, Canada, and the United States. Special attention is paid to the relations between works councils and unions and collective bargaining, works councils and management, and the role and interest of governments in works councils. On the basis of extensive comparative data from other Western countries, the book demonstrates powerfully that well-designed works councils may be more effective than labor unions at solving management-labor problems.
Download or read book Empirical Studies with New German Firm Level Data from Official Statistics written by Anja Malchin and published by Walter de Gruyter GmbH & Co KG. This book was released on 2016-11-21 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 2001 the Statistical Offices in Germany offer access to micro level panel data that linked information from various waves of a survey over time. These panel data enormously extended the research potential of data from official statistics by allowing dynamic analyses and control for unobserved heterogeneity via panel econometric methods. A second generation of data sets which became available recently has an even higher research potential. These new data combine information for firms gathered in different surveys (or from external sources) that could not be analyzed jointly before. Merging firm level data from different surveys to construct data sets that cover information on a wider range of variables than the ones collected in any of these surveys, one at a time, is the basic idea of the project AFiD. AFiD is an acronym for the German Amtliche Firmendaten fr Deutschland (official firm data for Germany). The papers in this issue present first results generated with this new type of firm level data and discussions.
Download or read book The World of Economics written by John Eatwell and published by Springer. This book was released on 1991-05-13 with total page 766 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the central questions of economics and how do economists tackle them? This book aims to answer these questions in 100 essays, written by economists and selected from "The New Palgrave: A Dictionary of Economics". It shows how economists deal with issues ranging from trade to taxation.
Download or read book Private Government written by Elizabeth Anderson and published by Princeton University Press. This book was released on 2019-04-30 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why our workplaces are authoritarian private governments—and why we can’t see it One in four American workers says their workplace is a “dictatorship.” Yet that number almost certainly would be higher if we recognized employers for what they are—private governments with sweeping authoritarian power over our lives. Many employers minutely regulate workers’ speech, clothing, and manners on the job, and employers often extend their authority to the off-duty lives of workers, who can be fired for their political speech, recreational activities, diet, and almost anything else employers care to govern. In this compelling book, Elizabeth Anderson examines why, despite all this, we continue to talk as if free markets make workers free, and she proposes a better way to think about the workplace, opening up space for discovering how workers can enjoy real freedom.
Download or read book Employees and Corporate Governance written by Margaret M. Blair and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most scholarship on corporate governance in the last two decades has focused on the relationships between shareholders and managers or directors. Neglected in this vast literature is the role of employees in corporate governance. Yet "human capital," embodied in the employees, is rapidly becoming the most important source of value for corporations, and outside the United States, employees often have a significant formal role in corporate governance. This volume turns the spotlight on the neglected role of employees by analyzing many of the formal and informal ways that employees are actually involved in the governance of corporations, in U.S. firms and in large corporations in Germany and Japan. Examining laws and contexts, the essays focus on the framework for understanding employees' role in the firm and the implications for corporate governance. They explore how and why the special legal institutions in German and Japanese firms by which employees are formally involved in corporate governance came into being, and the impact these institutions have on firms and on their ability to compete. They also consider theoretical and empirical questions about employee share ownership. The result of a conference at Columbia University, the volume includes essays by Theodor Baums, Margaret M. Blair, David Charny, Greg Dow, Bernd Frick, Ronald J. Gilson, Jeffrey N. Gordon, Nobuhiro Hiwatari, Katharina Pistor, Louis Putterman, Edward B. Rock, Mark J. Roe, and Michael L. Wachter. Margaret M. Blair is a senior fellow in Economic Studies at the Brookings Institution and author of Ownership and Control: Rethinking Corporate Governance for the Twenty-first Century (Brookings, 1995). Mark J. Roe, professor of business regulation and director of the Sloan Project on Corporate Governance at Columbia Law School, is the author of Strong Managers, Weak Owners: The Political Roots of American Corporate Finance (Princeton, 1996).
Download or read book Economic Dignity written by Gene Sperling and published by Penguin. This book was released on 2021-10-12 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Timely and important . . . It should be our North Star for the recovery and beyond.” —Hillary Clinton “Sperling makes a forceful case that only by speaking to matters of the spirit can liberals root their belief in economic justice in people’s deepest aspirations—in their sense of purpose and self-worth.” —The New York Times When Gene Sperling was in charge of coordinating economic policy in the Obama White House, he found himself surprised when serious people in Washington told him that the Obama focus on health care was a distraction because it was “not focused on the economy.” How, he asked, was the fear felt by millions of Americans of being one serious illness away from financial ruin not considered an economic issue? Too often, Sperling found that we measured economic success by metrics like GDP instead of whether the economy was succeeding in lifting up the sense of meaning, purpose, fulfillment, and security of people. In Economic Dignity, Sperling frames the way forward in a time of wrenching change and offers a vision of an economy whose guiding light is the promotion of dignity for all Americans.
Download or read book Varieties of Capitalism written by Peter A. Hall and published by Oxford University Press. This book was released on 2001 with total page 557 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.
Download or read book The Economics of Contracts written by Eric Brousseau and published by Cambridge University Press. This book was released on 2002-10-17 with total page 604 pages. Available in PDF, EPUB and Kindle. Book excerpt: A 2002 survey of economics of contracts appealing to scholars in economics, management and law.
Download or read book Economic Behavior and Institutions written by Þráinn Eggertsson and published by Cambridge University Press. This book was released on 1990-06-29 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a comprehensive survey of 'neoinstitutional economics', which integrates different economic theories.
Download or read book Manufacturing Matters written by Stephen S. Cohen and published by New York : Basic Books. This book was released on 1987-06-03 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Institutions and Economic Theory written by Eirik G. Furubotn and published by University of Michigan Press. This book was released on 2010-10-22 with total page 673 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition assesses some of the major refinements, extensions, and useful applications that have developed in neoinstitutionalist thought in recent years. More attention is given to the overlap between the New Institutional Economics and developments in economic history and political science. In addition to updated references, new material includes analysis of parallel developments in the field of economic sociology and its attacks on representatives of the NIE as well as an explanation of the institution-as-an-equilibrium-of-game approach. Already an international best seller, Institutions and Economic Theory is essential reading for economists and students attracted to the NIE approach. Scholars from such disciplines as political science, sociology, and law will find the work useful as the NIE continues to gain wide academic acceptance. A useful glossary for students is included. Eirik Furubotn is Honorary Professor of Economics, Co-Director of the Center for New Institutional Economics, University of Saarland, Germany and Research Fellow, Private Enterprise Research Center, Texas A&M University. Rudolph Richter is Professor Emeritus of Economics and Director of the Center for New Institutional Economics, University of Saarland, Germany.
