Tortia Ermanno

14 July 2017

160 – The role of the social economy in migrants’ reception and integration

Abstract In this paper we consider the phenomenon of the reception of migrants, political refugees and asylum seekers in Southern European countries as instance of patterns […]
1 March 2017

157 – The firm as a common. The case of the accumulation and use of capital resources in co-operative enterprises

Abstract Contemporary literature dealing with the governance of the exploitation of common-pool natural resources was initiated by Elinor Ostrom in 1990, and has been growing fast […]
25 July 2016

151 – A needs theory of governance

Abstract New-institutional economics hypothesizes imperfect rationality, self-seeking preferences, monetary-related needs, and opportunism as fundamental features of human behavior. Consistently, new-institutionalist models of governance highlight the efficiency […]
31 December 2013

130 – From the Neoliberal to the Participatory Firm

A comparative study of the institutional context for employee participation in organisational governance in Australia and Italy Abstract The current paper is a comparative analysis of […]
14 July 2013

125 – The Silver Lining Of Cooperation

Abstract Cooperatives are characterised by mutual-benefit coordination mechanisms aimed at the fulfilment of members’ participation rights. This paper explores the institutional elements that regulate individual behaviour […]
15 February 2013

117 – Employer moral hazard, wage rigidity and worker cooperatives: A theoretical appraisal

Abstract We argue that in a capitalist enterprise the need to fix wages is crucially influenced by the asymmetric distribution of decision-making power, which can entail […]
14 February 2013

118 – Employer moral hazard and wage rigidity

Abstract The standard explanation of wage rigidity in principal agent and in efficiency wage models is related to worker risk-aversion. However, these explanations do not consider […]
10 July 2012

111 – The internal and external governance of cooperatives: effective membership and consistency of values

Abstract Cooperatives are characterised by mutual-benefit coordination mechanisms aimed at the fulfilment of members’ participation rights and welfare, consistently with the normative principles of democratic involvement, […]
14 October 2009

66 – Productivity, wages and intrinsic motivation in social enterprises

Abstract In our empirical analysis of wage differentials in a sample of workers in the cooperative not for profit sector we find that, consistently with the […]
19 November 2005

23 – The accumulation of Capital in Labour-Managed Firms: Divisible Reserves and Bonds

Abstract The problem of the accumulation of capital in labor-managed firms and worker cooperatives has being attracting considerable attention among researchers. The Furubotn-Pejovich effect is considered […]