Showing papers on "Sharing economy published in 1986"
Book•
01 Aug 1986
TL;DR: In this paper, the authors study the effect of rigid pay on the number of workers in a non-discriminating labour co-operative economy and conclude that full employment in such a co-op is essential to the security of employment.
Abstract: 1. Introduction* Note on the Principles of Discrimination and Non-Discrimination* Note on Notation2. The Structure of the Model(a) The Market Structure(b) The Welfare Measure(c) The Production Function(d) The Demand 3. The Capitalist Wage Economy(a) The Nature of the Capitalist Wage Economy(b) The Capitalist Wage Economy with Unemployment and a Given Number of Firms(c) The Capitalist Wage Economy with Unemployment and a Market-Determined Number of Firms(d) The Full-Employment Capitalist Wage Economy with a Given Number of Firms(e) The Full-Employment Capitalist Wage Economy with a Market-Determined Number of Firms4. The Non-Discriminating Labour Co-Operative(a) The Nature of a Non-Discriminating Labour Co-operative(b) The Instability of the Non-Discriminating Labour Co-operative Economy(c) Reconciliation with the Classical Analysis of Labour Co-operatives(d) Full-employment in a Non-Discriminating Labour Co-operative Economy(e) Factors Affecting the Number of Co-Operatives(f) Concluding Observations on the Non-Discriminating Labour Co-operative5. The Capitalist Sharing Economy(a) Two Forms of the Capitalist Sharing Economy(b) The Capitalist Sharing Economy with Rigid Pay Parameters and Full Employment(c) The Capitalist Sharing Economy with Rigid Pay Parameters and Full Employment(d) The Effect of Rigid Pay Parameters on the Number of Firms(e) Competition with Fixed-Wage Firms(f) Survival through Flexibility of the Pay Parameters(g) Full Employment through Full Flexibility(h) Concluding Observations on the Capitalist Share Economy6. Discriminating Labour (a) The Objectives of Discriminating Labour (b) Outline of a Pure Discriminating Labour-Capital Partnership(c) Partial Discriminating Labour (d) The Implications of Security of Employment(e) Some Remaining Conflicts of Interest(f) Participation in Decision-Making(g) The Implications of the Principle of Discrimination(h) Concluding Observations on Discriminating Labour
30 citations
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.
10 citations
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.
6 citations
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.
4 citations
TL;DR: Weitzman's treatment of stagflation is the best of its kind as discussed by the authors, and it has justifiably attracted wide attention and received high praise, but it is not sufficiently microanalytic to come to terms with the fundamentals of contracting in the labor market.
Abstract: Martin Weitzman has written a serious book about the chronic problem of stagflation that has plagued the United States economy for the past twenty years. As discussed below, I have grave reservations both about the underlying microeconomic model on which Weitzman relies and about the basic policy proposal that he advances. Neither, in my judgment, is sufficiently microanalytic to come to terms with the fundamentals of contracting in the labor market-the key market in Weitzman's analysis of stagflation. Of books that work within the firm-as-production-function tradition,' however, Weitzman's treatment of stagflation is the best of its kind. It has justifiably attracted wide attention and received high praise. Weitzman traces the macroeconomic problem of stagflation to a microeconomic flaw in the private sector of the economy-the fixed-wage labor contract. Because firms and labor strike wage bargains of a fixed rather than variable wage kind, variations in demand for a firm's product give rise to a fluctuating level of employment (at a fixed wage), rather than a stable level of employment (at an adjusted wage). Weitzman maintains that shifting from a fixed to a variable wage system-where \"a worker's compensation is directly and automatically adjusted by some index of the firm's well-being,\" such as product price, revenue per worker,
3 citations
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.
3 citations
3 citations
3 citations
2 citations
TL;DR: In this paper, the authors interpret Weitzman's monopolistic competition analogy to the share economy and consider the implications of this for the nature of "excess demand" in such an economy.
1 citations
TL;DR: The authors investigates the question of whether a share economy would lead to "excess demand for labor", that is, to a tilt toward higher vacancies and lower unemployment than those of a wage economy.