Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
We propose a new model of mixed oligopoly where a workers’ cooperative firm competes with a number of profit-maximizing companies. Building upon a large empirical evidence, we innovate as compared to the traditional literature on the objective function of the cooperative; moreover, its membership is treated as endogenous in the Cournot–Nash equilibrium. We show which factors may be responsible for the degeneration of the workers’ cooperative firm, which occurs when the number of its members shrinks with respect to the overall employees.