Workers' Enterprises and the Taste for Production: The Arts, Sport and Other Cases

15 Pages Posted: 25 Jan 2009

See all articles by Tiziana Cuccia

Tiziana Cuccia

University of Catania - Faculty of Economics

Roberto Cellini

University of Catania - Department of Economics and Business

Date Written: 2008-07-10

Abstract

This paper shows that the standard result according to which labour-managed (LM) firms produce a lower amount of output, as compared with profit-maximizing firms, is reversed if production per se gives utility and the workers' membership of LM firms is set before market decisions. Under the same hypotheses, the LM firms set a higher product quality than the profit-oriented ones, ceteris paribus. The considered hypotheses are appropriate in several sectors, but they are particularly relevant in the case of the performing arts.

Suggested Citation

Cuccia, Tiziana and Cellini, Roberto, Workers' Enterprises and the Taste for Production: The Arts, Sport and Other Cases (2008-07-10). Scottish Journal of Political Economy, Vol. 56, Issue 1, pp. 123-137, February 2009, Available at SSRN: https://ssrn.com/abstract=1331703 or http://dx.doi.org/10.1111/j.1467-9485.2009.00476.x

Tiziana Cuccia (Contact Author)

University of Catania - Faculty of Economics ( email )

Catania, 55
Italy

Roberto Cellini

University of Catania - Department of Economics and Business ( email )

Corso Italia 55
95129 Catania, 95129
Italy
+390957537728 (Phone)
+390957537710 (Fax)

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