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Titel
Workers' enterprises in the case of arts production
Auteur
T. Cuccia
,
R. Cellini
Jaar van uitgave
2006
Annotatie
192 kb
Trefwoorden
papers (vorm)
Samenvatting
Paper shows that the standard result according to which labour-managed firms produce a lower amount of output, as compared to profit-maximising firms, is reversed, if production per se gives utility and the workers' membership of labour-managed firms is set prior to market decisions. Under the same hypotheses, the labour-managed firms set a higher product quality than the profit-oriented ones, ceteris paribus. The considered hypotheses are particularly relevant for the case of the performing arts sector, so that the presence of labour-managed firms should be particularly welcomed in this sector. Paper presented at the 14th biennial conference of the Association for Cultural Economics International (ACEI), Vienna, Austria 6-9 July 2006.