| ID | 364343 |
| Title Proper | Unions versus cooperatives |
| Other Title Information | Memorandum from Institute of Economics, University of Oslo. No. 19, September 1990 |
| Language | ENG |
| Author | Moene, Karl Ove ; Wallerstein, Michael |
| Summary / Abstract (Note) | On one hand, under the standard assumptions, perfectly competitive markets with capatialist ownership maximize the value of output and minimize the costs of production. On the other hand, workers in competitive equilibrium receive the lowest wage for which they are willing to supply labor to the industry. |
| `In' analytical Note | In Holden, Steinar: A bargaining theory of inflation. [Memorandum from Institute of Economics, University of Oslo. No. 6, 6 May 1988 ] Oslo. Institute of Economics, University of Oslo, 1988. |
| Key Words | Competitive Equilibrium ; Labor co-operatives ; Labor unions |