Industry equilibrium with uncertainty and labor-managed firms

Research output: Contribution to journalArticlepeer-review

5 Citations (Scopus)


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 languageEnglish
Pages (from-to)83-88
Number of pages6
JournalEconomics Letters
Issue number1
Publication statusPublished - 1988
Externally publishedYes

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


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