Strategic investment: the labor-managed firm and the profit-maximizing firm

Article Abstract:

A three-stage game model was used to show that a labor-managed firm (LMF) that maximizes income per worker may produce more goods and use more capital than a capitalist profit-maximizing firm. The LMF was proven to use more capital-intensive technology than a PMF. Compared to a PMF, the LMF was shown to be capable of investing more capital, produce more and acquire a larger market share under certain mild conditions. The PMF was proven to have a tendency to underinvest.

Models, Economic aspects, Investments, Duopolies

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Does democracy increase crime? The evidence from international data

Article Abstract:

Crime data from International Crime Survey were analyzed to compare the crime prevention and crime rates in democratic and non-democratic countries. It was found that democratic countries punish serious crimes more severely, which results in lower rates of major crimes. Detailed comparison of prison sentence length, prisoners per crime and clearance rates in democratic and non-democratic governments is presented.

Taiwan, Labor Distribution by Employer, Influence, Statistics, Political aspects, Comparative analysis, Democracy, Crime, Political systems, Report

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