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Rights and Production Functions: An Application to Labor-Managed Firms and Codetermination

We redefine the production function to incorporate its dependence on the structure of property and contracting rights within which the firm exists. The problems surrounding the role of labor in the firm for a variety of rights structures are analyzed recognizing this dependence. These structures... Full description

1st Person: Jensen, Michael C.
Additional Persons: Meckling, William H. verfasserin
Source: in The journal of business : B Vol. 52, No. 4 (1979), p. 469-506
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Type of Publication: Article
Language: English
Published: 1979
Keywords: research-article
Online: Volltext
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