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Is There a Negatively Sloped Supply Curve in the Labor-Managed Firm?

Alfred Steinherr; Jacques-François Thisse · Université catholique de Louvain, Institut des sciences économiques, Working Paper 7812 · 1978

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Type: Report
Author: Alfred Steinherr; Jacques-François Thisse
Accessed: 2026-09-01

Claims citing this source

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TheoryBenjamin Ward (1958) was the first to show that the 'Illyrian' labour-managed firm tends to reduce employment and output in the short run when its market price increases, the 'perverse' supply response later debated by theorists.