Variable Returns to Scale and Labor-Managed Firms under Monopoly

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概要

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• In this paper, we present the equilibrium condition of the labor-managed economy where there are two variable factors of production and compare it with that of profit maximizing economies. Labor-managed firms determine output level to MR = MC + (P - AC)/t, lower levels than those of profit maximizing firms as long as those firms can earn profits. In the two variable factors case, fixed costs and the degree of homogeneity play a significant role for labor-managed firms in determining output levels.

• 関西学院大学の論文

著者

• Hirose Kenzo

  関西学院大学商学部

• Hirose Kenzo

  School Of Business Administration Kwansei Gakuin University

関連論文

• Effect of the Great Hanshin-Awaji Earthquake on Foreign Trade from the Port of Kobe(THE GREAT HANSHIN-AWAJI EARTHQUAKE)
• International Market Rivalry between Labor-Managed and Capitalistic Firms : The Effects of the Export Subsidy
• International Market Rivalry between Labor-Managed and Capitalistic Firms : The Effects of the Export Subsidy
• Effect of the Great Hanshin-Awaji Earthquake on Foreign Trade from the Port of Kobe
• Variable Returns to Scale and Labor-Managed Firms under Monopoly

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