Worker and community cooperatives: A multi-criterion model
Advances in the Economic Analysis of Participatory & Labor-Managed Firms
ISBN: 978-0-85724-453-6, eISBN: 978-0-85724-454-3
Publication date: 25 November 2010
Abstract
We envision an enterprise owned by an association of its employees. The enterprise may employ nonmember as well as member labor. All are paid the same wage, but member-employees also accrue credit toward a pension as a benefit of their employment. Nonmember employees do not receive this benefit. Nonmember employees may be allowed to “buy in” as members for a share value that does not dilute the retirement fund, but only at the discretion of the existing members. As a consequence, the workers’ association is not strictly a cooperative, since membership is not “open.” One of the purposes of this inquiry, however, will be to determine under what circumstances the workers’ association will recruit new members.
Citation
McCain, R.A. (2010), "Worker and community cooperatives: A multi-criterion model", Eriksson, T. (Ed.) Advances in the Economic Analysis of Participatory & Labor-Managed Firms (Advances in the Economic Analysis of Participatory & Labor-Managed Firms, Vol. 11), Emerald Group Publishing Limited, Leeds, pp. 205-224. https://doi.org/10.1108/S0885-3339(2010)0000011012
Publisher
:Emerald Group Publishing Limited
Copyright © 2010, Emerald Group Publishing Limited