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Titlebook: Codetermination; A Discussion of Diff Hans G. Nutzinger,Jürgen Backhaus Book 1989 Springer-Verlag Berlin · Heidelberg 1989 human capital.in

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Participation and Codetermination in a Perfect and an Imperfect World*: Comment,capitalist economic organization under freedom of contract is inefficient owing to informational and contracting costs. More specifically, human capital is disadvantaged because of its lack of appropriability, and legislative correction, for example, in the form of codetermination laws for large firms, can improve welfare — of workers at least.
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Institutional Reform: The Future of Codetermination,s managerial philosophies set the context of codetermination and its consequences. It is therefore hard to forecast what course codetermination will take, although no genuinely new points of departure have emerged in current developments.
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https://doi.org/10.1007/978-3-642-61326-5human capital; institutions; organization; organizations; production
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