A Growth Model for a Tenured-Labor-Managed Firm
构建了一个区分终身与非终身工人的劳动管理企业增长模型，以最大化终身工人人均净收入为目标，利用庞特里亚金最大值原理求解最优条件、过渡路径和稳态，并分析政策选择。
The theory of the labor-managed firm is a recent addition to the economic literature on organization. Analyses of the behavior of workers' self-managed firms have produced two versions of the theory. The present paper is primarily concerned with the employment decisions of labor-managed firms, which are analyzed within the framework of a new model drawing upon both versions of the existing theory. We present a growth model for a firm characterized by the division of labor between tenured and nontenured workers, whose aim is the intertemporal maximization of the net income per tenured worker. Using Pontryagin's Maximum Principle, we obtain the optimality conditions, the transition path, and the steady state for the model. We also analyze a series of policy alternatives. Some references are made to the Yugoslav economy.