Meritocracy, efficiency, incentives and voting in cooperative production: a survey
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Título: | Meritocracy, efficiency, incentives and voting in cooperative production: a survey |
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Autor/es: | Beviá, Carmen | Corchón, Luis C. |
Grupo/s de investigación o GITE: | Análisis Económico |
Centro, Departamento o Servicio: | Universidad de Alicante. Departamento de Fundamentos del Análisis Económico |
Palabras clave: | Cooperative production | Growth | Meritocracy | Efficiency | Incentives | Voting |
Área/s de conocimiento: | Fundamentos del Análisis Económico |
Fecha de publicación: | mar-2018 |
Editor: | John Wiley & Sons |
Cita bibliográfica: | Annals of Public and Cooperative Economics. 2018, 89(1): 87-107. doi:10.1111/apce.12190 |
Resumen: | This paper surveys selectively several contributions to the understanding of how cooperatives may cope with the interplay between meritocracy and efficiency when public decisions are taking by voting and the supply of labor is freely decided by each member. This outlines the main trade‐off faced by cooperatives. In particular, the degree of meritocracy is limited by three factors: (1) efficiency, because too much meritocracy encourages too much work from the socially optimal point of view; (2) meritocracy encourages sabotage; and (3) voting, because workers may prefer inefficient reward schemes as long as they are individually profitable. |
Patrocinador/es: | The first author acknowledges financial support from ECO2014 53051, SGR2014-515. The second author acknowledges financial support from ECO2014-57442-P, and financial support from the Ministerio Economía y Competitividad (Spain), grants S2015/HUM-3444 and MDM 2014-0431. |
URI: | http://hdl.handle.net/10045/75193 |
ISSN: | 1370-4788 (Print) | 1467-8292 (Online) |
DOI: | 10.1111/apce.12190 |
Idioma: | eng |
Tipo: | info:eu-repo/semantics/article |
Derechos: | © 2018 The Authors. Annals of Public and Cooperative Economics © 2018 CIRIEC. Published by John Wiley & Sons Ltd |
Revisión científica: | si |
Versión del editor: | https://doi.org/10.1111/apce.12190 |
Aparece en las colecciones: | INV - Análisis Económico - Artículos de Revistas |
Archivos en este ítem:
Archivo | Descripción | Tamaño | Formato | |
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2018_Bevia_Corchon_AnnalsPublicCoopEcon_final.pdf | Versión final (acceso restringido) | 220,79 kB | Adobe PDF | Abrir Solicitar una copia |
2018_Bevia_Corchon_AnnalsPublicCoopEcon_preprint.pdf | Preprint (acceso abierto) | 1,05 MB | Adobe PDF | Abrir Vista previa |
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