Article Title

Codetermination: A Partial Review of Theory and Evidence

Type of Work

Article

Date

1989

Journal Title

Annals of Public and Co-operative Economy

Journal ISSN

0770-8548

Journal Volume

60

Journal Issue

3

First Page

329

Last Page

340

Abstract

One of the more influential bodies of theoretical work on codetermination is that by Furubotn. In a recent contribution Furubotn (1985) develops a model of the codetermined firm. His main predictions are that in such firms technological improvements will be impaired, leading to economic inefficiency, lower profits, and great disharmony and conflict between employers and employees. In this critique the authors show that this model is narrowly and unrealistically defined, and that the conclusions are highly questionable. A survey of the broader theoretical and empirical literature on codetermination and its economic effects, as well as a brief review of the evidence relating to other forms of participation, fails to give Furubotn's argument and conclusions any further support.

Notes

JEL Classification: 0223, 0510, 8331

Hamilton Areas of Study

Economics

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