The Short Run Policies of the Labor Managed Uncertain Export Price Taker
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Abstract
This paper considers the optimal short-run production policies of the labor-managed firm that exercises some market power in its home market and has the option to be a price-taking exporter to the rest of the world. Uncertainty as to the export price is introduced and the subsequent effects on the membership's policies are studied, revealing once again the ubiquitous nature of the labor-managed firm's behavior.
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