Abstract
This paper characterizes long-run industry equilibrium composed of labor-managed firms under demand uncertainty. Moreover, it is demonstrated how the number and size of firms in the industry respond to a change in uncertainty.
| Original language | English |
|---|---|
| Pages (from-to) | 83-88 |
| Number of pages | 6 |
| Journal | Economics Letters |
| Volume | 26 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 1988 |
| Externally published | Yes |
ASJC Scopus subject areas
- Finance
- Economics and Econometrics