The Attenuated Right of Ownership and the Firm
There are many types of firms in a capitalist society in which the right of ownership is attenuated. The most significant firms in this class of business organizations are the regulated firm, the not-for-profit firm and the so-called codetermining firm. The regulated firm and the not-for-profit firm are usually discussed in microeconomics and industrial organization classes. The codetermining firm, on the other hand, is much less known and, at the same time, more relevant in the analysis of comparative economic systems. For those reasons, this chapter will discuss the codetermining firm in some detail.
KeywordsCollective Bargaining Labor Union Equity Capital Supervisory Board Union Leader
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