The Participation of the Workers in the Income of the Company. An Analysis of Efficiency

<p>In this paper the employment relationship is analyzed in a conventional capitalist company. The starting point is the type of private information related to the kind of work carried out by the employee. This results in the contractual relationship between the businessman and the worker crea...

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Autor principal:	Juan Miguel Báez Melián
Formato:	article
Lenguaje:	EN ES
Publicado:	AECOOP Escuela de Estudios Cooperativos 2013
Materias:	relación de empleo información oculta supervisión empresa democrática Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/8c93dc09520a448988a02af9c462120f
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spelling	oai:doaj.org-article:8c93dc09520a448988a02af9c462120f2021-11-12T13:14:34ZThe Participation of the Workers in the Income of the Company. An Analysis of Efficiency1135-66181885-803110.5209/rev_REVE.2013.v111.42671https://doaj.org/article/8c93dc09520a448988a02af9c462120f2013-11-01T00:00:00Zhttp://revistas.ucm.es/index.php/REVE/article/view/42671https://doaj.org/toc/1135-6618https://doaj.org/toc/1885-8031<p>In this paper the employment relationship is analyzed in a conventional capitalist company. The starting point is the type of private information related to the kind of work carried out by the employee. This results in the contractual relationship between the businessman and the worker creates a problem relative to the effort that the worker dedicates to the company. In this paper two possible alternative solutions are studied: supervision on the part of the businessman and the participation in company revenue on the part of the worker, comparing both solutions with the first-best. The main conclusion of our analysis is the technical superiority of the participative company over the hierarchic one due to the saving in supervising expenses.</p>Juan Miguel Báez MeliánAECOOP Escuela de Estudios Cooperativosarticlerelación de empleoinformación ocultasupervisiónempresa democráticaEconomics as a scienceHB71-74ENESRevista de Estudios Cooperativos, Vol 111, Iss 0, Pp 7-31 (2013)
institution	DOAJ
collection	DOAJ
language	EN ES
topic	relación de empleo información oculta supervisión empresa democrática Economics as a science HB71-74
spellingShingle	relación de empleo información oculta supervisión empresa democrática Economics as a science HB71-74 Juan Miguel Báez Melián The Participation of the Workers in the Income of the Company. An Analysis of Efficiency
description	<p>In this paper the employment relationship is analyzed in a conventional capitalist company. The starting point is the type of private information related to the kind of work carried out by the employee. This results in the contractual relationship between the businessman and the worker creates a problem relative to the effort that the worker dedicates to the company. In this paper two possible alternative solutions are studied: supervision on the part of the businessman and the participation in company revenue on the part of the worker, comparing both solutions with the first-best. The main conclusion of our analysis is the technical superiority of the participative company over the hierarchic one due to the saving in supervising expenses.</p>
format	article
author	Juan Miguel Báez Melián
author_facet	Juan Miguel Báez Melián
author_sort	Juan Miguel Báez Melián
title	The Participation of the Workers in the Income of the Company. An Analysis of Efficiency
title_short	The Participation of the Workers in the Income of the Company. An Analysis of Efficiency
title_full	The Participation of the Workers in the Income of the Company. An Analysis of Efficiency
title_fullStr	The Participation of the Workers in the Income of the Company. An Analysis of Efficiency
title_full_unstemmed	The Participation of the Workers in the Income of the Company. An Analysis of Efficiency
title_sort	participation of the workers in the income of the company. an analysis of efficiency
publisher	AECOOP Escuela de Estudios Cooperativos
publishDate	2013
url	https://doaj.org/article/8c93dc09520a448988a02af9c462120f
work_keys_str_mv	AT juanmiguelbaezmelian theparticipationoftheworkersintheincomeofthecompanyananalysisofefficiency AT juanmiguelbaezmelian participationoftheworkersintheincomeofthecompanyananalysisofefficiency
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The Participation of the Workers in the Income of the Company. An Analysis of Efficiency

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