ERROR LOADING HTML FROM SOURCE (http://ncf.sobek.ufl.edu//design/skins/UFDC/html/header_item.html)

The Cooperative Advantage

Permanent Link: http://ncf.sobek.ufl.edu/NCFE004192/00001

Material Information

Title: The Cooperative Advantage Theoretical Demonstration of the Case for Increased Productivity
Physical Description: Book
Language: English
Creator: Ward, Daniel C.
Publisher: New College of Florida
Place of Publication: Sarasota, Fla.
Creation Date: 2009
Publication Date: 2009

Subjects

Subjects / Keywords: Worker Cooperatives
Incentives
Principal-Agent
Attribute Analysis
Genre: bibliography   ( marcgt )
theses   ( marcgt )
government publication (state, provincial, terriorial, dependent)   ( marcgt )
born-digital   ( sobekcm )
Electronic Thesis or Dissertation

Notes

Abstract: The idea of cooperation has always been at the center of economics, both as a foundation for the discipline and its ability to innovate human society continually. However, despite the importance of cooperation, the study of economics has often sought reasoning to undermine the notion of organizing firms under an explicitly cooperative structure. Understanding what a cooperative entails and how it serves the respective interests of worker and firm prove invaluable to discussing it in an economic context. This thesis will explore some possible avenues of economic theory that can support the idea that a cooperative firm increases the productivity of labor relative to a conventional firm. Necessary to obtain optimal productivity in any firm are the alignment of principal and agent incentives, so as to deter inefficiency costs that occur as a result of noncooperative behavior. Principal agent problems regarding decision and investment incentives are the two most relevant to the cooperative firm. I employ models of expected utility and attribute analysis to elucidate how these problems could be addressed in an abstract cooperative firm. I conclude that the models support the claim that a cooperative imperative must exist, realized in the formation of the cooperative firm, in order to increase productivity of labor. The thesis ends by advocating that economics continue exploring the viability of cooperative firms in all types of economic markets.
Statement of Responsibility: by Daniel C. Ward
Thesis: Thesis (B.A.) -- New College of Florida, 2009
Electronic Access: RESTRICTED TO NCF STUDENTS, STAFF, FACULTY, AND ON-CAMPUS USE
Bibliography: Includes bibliographical references.
Source of Description: This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.
Local: Faculty Sponsor: Elliot, Catherine

Record Information

Source Institution: New College of Florida
Holding Location: New College of Florida
Rights Management: Applicable rights reserved.
Classification: local - S.T. 2009 W2
System ID: NCFE004192:00001

Permanent Link: http://ncf.sobek.ufl.edu/NCFE004192/00001

Material Information

Title: The Cooperative Advantage Theoretical Demonstration of the Case for Increased Productivity
Physical Description: Book
Language: English
Creator: Ward, Daniel C.
Publisher: New College of Florida
Place of Publication: Sarasota, Fla.
Creation Date: 2009
Publication Date: 2009

Subjects

Subjects / Keywords: Worker Cooperatives
Incentives
Principal-Agent
Attribute Analysis
Genre: bibliography   ( marcgt )
theses   ( marcgt )
government publication (state, provincial, terriorial, dependent)   ( marcgt )
born-digital   ( sobekcm )
Electronic Thesis or Dissertation

Notes

Abstract: The idea of cooperation has always been at the center of economics, both as a foundation for the discipline and its ability to innovate human society continually. However, despite the importance of cooperation, the study of economics has often sought reasoning to undermine the notion of organizing firms under an explicitly cooperative structure. Understanding what a cooperative entails and how it serves the respective interests of worker and firm prove invaluable to discussing it in an economic context. This thesis will explore some possible avenues of economic theory that can support the idea that a cooperative firm increases the productivity of labor relative to a conventional firm. Necessary to obtain optimal productivity in any firm are the alignment of principal and agent incentives, so as to deter inefficiency costs that occur as a result of noncooperative behavior. Principal agent problems regarding decision and investment incentives are the two most relevant to the cooperative firm. I employ models of expected utility and attribute analysis to elucidate how these problems could be addressed in an abstract cooperative firm. I conclude that the models support the claim that a cooperative imperative must exist, realized in the formation of the cooperative firm, in order to increase productivity of labor. The thesis ends by advocating that economics continue exploring the viability of cooperative firms in all types of economic markets.
Statement of Responsibility: by Daniel C. Ward
Thesis: Thesis (B.A.) -- New College of Florida, 2009
Electronic Access: RESTRICTED TO NCF STUDENTS, STAFF, FACULTY, AND ON-CAMPUS USE
Bibliography: Includes bibliographical references.
Source of Description: This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.
Local: Faculty Sponsor: Elliot, Catherine

Record Information

Source Institution: New College of Florida
Holding Location: New College of Florida
Rights Management: Applicable rights reserved.
Classification: local - S.T. 2009 W2
System ID: NCFE004192:00001


This item is only available as the following downloads:


Full Text

PAGE 30

btnbbf$)b*bfb*rfb" )@

PAGE 43

b nb"%b&$b%1rfb3fbrrb(r$$bb
PAGE 44

b,nb"%b&$b%1rfb3fb4rfrrb(r$$bb <+

PAGE 46

b5nb"%b&brffbrb$fbfbrb(r$$b @*

PAGE 48

b6nbrfrfbrbfb"r#*rrfbfrfb @)

PAGE 68

b
PAGE 71

b=nbfbfb*rf 0"

PAGE 74

b>nbfbfb!fbrbff 0+


ERROR LOADING HTML FROM SOURCE (http://ncf.sobek.ufl.edu//design/skins/UFDC/html/footer_item.html)