ON THE ECONOMIC RATIONALE FOR CODETERMINATION LAW

被引：57
|
作者：
SMITH, SC
机构：
[1] George Washington University, Washington
来源：
JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 1991年 / 16卷 / 03期
关键词：
D O I：
10.1016/0167-2681(91)90014-O
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper develops a positive (efficiency) economic case for codetermination law resting on the correction of labor and capital market and organizational failures. A legally mandated codetermination structure is shown to provide employee 'checks' on several structural incentives for management opportunism. Codetermination is shown to offer advantages for technical efficiency, skill development and knowledge generation through its protection of specific human capital investments. Financial markets cannot enforce codetermination due to a set of free rider problems. © 1991.
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页码：261 / 281
页数：21
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