000009334 001__ 9334
000009334 005__ 20180122193509.0
000009334 037__ $$a828-2016-55185
000009334 041__ $$aen
000009334 245__ $$aAre Workers' Enterprises Entry Policies Conventional
000009334 260__ $$c2007
000009334 269__ $$a2007
000009334 300__ $$a14
000009334 336__ $$aWorking or Discussion Paper
000009334 446__ $$aEnglish
000009334 490__ $$aETA Nota di Lavoro 31.2007
000009334 520__ $$aOne of the main reasons why workers’ enterprises (WE) still represent a relevant chunk of the economy may lie in some affinities with conventional profit maximizing firms. To prove this, we compare the entry policies of WEs and conventional firms when they can decide size at entry while having to stick to it afterwards. Even though short run differences remain, a long run coincidence appears besides that under certainty. Endogenizing size and time of entry in an uncertain dynamic environment we see that WEs enter at the same trigger and size of conventional firms. Both of them wait less and choose a dimension larger than the minimum efficient scale. This may be another way to explain why WE are still an important share of the economy (Hesse and Cihàk, 2007) despite the ongoing mantra of their imminent demise.
000009334 650__ $$aLabor and Human Capital
000009334 700__ $$aMoretto, Michele
000009334 700__ $$aRossini, Gianpaolo
000009334 8564_ $$s193266$$uhttp://ageconsearch.umn.edu/record/9334/files/wp070031.pdf
000009334 887__ $$ahttp://purl.umn.edu/9334
000009334 909CO $$ooai:ageconsearch.umn.edu:9334$$pGLOBAL_SET
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  Previous issue date: 2007
000009334 982__ $$gFondazione Eni Enrico Mattei (FEEM)>Economic Theory and Applications Working Papers
000009334 980__ $$a828