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community, including workers, managers and owners of the formal as well as of the informal economy, on how environmental …
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theory. This working paper surveys the literature on the impact of international trade on firms and workers, presenting the …
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A quality-adjusted specification of labor is suggested which allows firm training to affect labor efficiency. To assess the cost and productivity effects, this specification is integrated into a flexible neoclassical cost function. The empirical analysis uses panel data for eight plants in the...
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are jointly owned by workers. Effort and side payments are self-enforced. Market-wide incentive constraints lead to …, welfare maximization requires that all profit go to workers, but when labor is scarce all profit should go to asset owners. …
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A Quality-adjusted specification of labor is suggested which allow firms training to effect labor efficiency. To assess the cost and productivity effects, this specification is integrated into a flexible neoclassical cost function.
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