Showing papers in "Journal of Comparative Economics in 1986"

TL;DR: In this paper, the authors treat management by capital and by labor as special cases within a common analytical setting, and show that there is no basis for distinguishing between these two principles of organizational design in a competitive market environment.

TL;DR: The authors employ the economics of shortage framework to examine post-Mao reforms in Chinese state-owned industry Performance has been disappointing because reforms through 1985 failed to fundamentally alter economic agent behavior The "soft" budget constraints at the enterprise and local government levels continue to generate "quantity" and "expansion" drives.

TL;DR: This paper argued that the relative size of the private sector is determined by excess demand and differentiated demand for quasi-public goods and by the supply of religious entrepreneurship in the society and industry under examination.

TL;DR: The Furubotn-Pejovich horizon problem arises from the lack of any recoupable claim on the equity in Yugoslav-type social-property LMFs.

TL;DR: The authors employed the economics of shortage framework to examine post-Mao reforms in Chinese state-owned industry and found that performance has been disappointing because reforms through 1985 failed to fundamentally alter economic agent behavior.

TL;DR: In this paper, it is shown that a worker-managed firm must solve a specific dynamic program in order to maximize per worker income, and a model with equally absurd consequences is constructed for the capitalist firm.

TL;DR: In this paper, a detailed analysis of the planning organization of the Chinese economy is presented, which supports the hypothesis that regional partitioning of Chinese economy for purposes of planning has created substantial and persistent barriers to internal trade across provincial and intra-provincial boundaries.

TL;DR: In this paper, comparative static results for the single output, multifactor, short-run dividend-maximizing firm were derived and classified for a single output and multifactor.

TL;DR: In this paper, it is shown that radially parallel isoquants guarantee neither the perversity of the employment nor of the output effect, and further that the output elasticity of ELMFs with respect to price need not be less than its capitalist twin.

TL;DR: In this article, the authors pointed out that the absence of a clear pattern of quarter-end storming in manufacturing implies that the fulfillment of quarterly plans is much less important in CPEs than is annual plan fulfillment.

TL;DR: In this paper, the authors suggest a framework for understanding the entry decision for worker cooperatives, the purest form of labor management in capitalist economies, and argue that participative decision-making can have a positive impact on technical efficiency in the use of resources.

TL;DR: In 1985-06, the Yale Economics Department sponsored a half-day conference on Martin Weitzman's striking proposal that sharing would be introduced into compensation arrangements as discussed by the authors, where participants examined the "share economy" from the vantage point of labor economics, capital theory, general equilibrium theory, and macroeconomics.

TL;DR: In this paper, the authors analyze an economy with free mobility of labor both from the point of view of X -as well as of allocative efficiency -and the possibility of a partial application of the right to employment principle in a capitalist economy.

TL;DR: In this article, the authors compare share bargaining and wage bargaining in the context of a "monopoly" model of union bargaining and show that total compensation is higher under share bargaining than under wage bargaining.

TL;DR: In this article, a class of incentive contracts is examined in which, besides a sharing rule, the center stipulates an outcome target the manager must achieve; otherwise he will be paid a fixed payment.

TL;DR: This paper examined the volume of sulphur dioxide emissions and deposits in 26 European countries and found that the level of production, the energy to output ratio, and the pattern of fuel consumption were the main factors responsible for emissions.

TL;DR: This paper argued that LMFs with fixed employment and output will lose out in competition with flexible-output profit maximizing firms in a competitive environment, and that LMF with a small membership in high-human-capital industries will most likely survive in competitive environment.

TL;DR: This paper showed that although the outward oriented newly industrializing countries (NIC's) suffered cosiderably external shocks than the inward oriented NIC's and two socialist countries, Hungary and Yugoslavia, this was offset several fold by differences in economic growth rates.

TL;DR: In this paper, the authors derive an aggregate relationship between the tautness of plans and total output, and derive an analytical model to analyze the aggregate effects of taut plans.

TL;DR: In this paper, the authors developed a quality choice model that leads to comparisons between the labor-managed firm and the profit-maximizing firm, and the effect of market structure per se on the quality choice of the labormanaged firm.

TL;DR: In this paper, the authors introduce the major ideas in Martin Weitzman's The Share Economy and propose to induce more share arrangements by giving a tax preference to share-type income.

TL;DR: Weitzman's analysis of the share economy contrasts fixed-wage and fixed-share contracts; this paper notes that neither is an optimal labor contract, rendering the comparison suspect as discussed by the authors. But share contracts may be superior to wage contracts in an economy characterized by a macroeconomic externality.

TL;DR: In this article, the authors examine Weitzman's claim that Japanese bonuses are better interpreted as disguised wage payments than as profit shares and conclude that other institutional features of the Japanese labor market provide more likely explanations of that economy's performance.

TL;DR: The Share Economy Symposium as mentioned in this paper has been widely cited as a seminal event in the history of the share economy and has attracted a wide range of divergent, and even contradictory, viewpoints.