On the Efficacy of Collective Action
Abstract
The paper presents two models of collective action within the framework of hybrid forms of economic organization. One of the models points at the theoretically possible existence of such a method of coordinating actions that, given a suitable set of incentives, leads to optimal level of investments. The second model defines the necessity and sufficiency conditions for obtaining additional gains via successful organization of collective action. The results of the analysis show that efficiency of collective action is closely linked with the level of trust in the group and fair (i. e., cost proportional) income distribution.
Keywords:
collective action, hybrid organizational forms, coordination, equilibrium, costs, trust, fairness
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Articles of the Russian Management Journal are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.