Berti, M and Pitelis, C orcid.org/0000-0001-9033-6357 (2021) Open Team Production, the New Cooperative Firm, and Hybrid Advantage. Academy of Management Review. ISSN 0363-7425
Abstract
We critically assess the comparative efficiency advantages and disadvantages of capitalist and cooperative firms using team production as a frame of reference. We revisit the debate about such (dis)advantages in the context of open team production (OTP), a situation where team members are both internal and external to the firm. In contrast to the case of traditional (closed) team production, which focuses on the problem of monitoring team members within the firm, open team production, requires incentivizing both internal and external team members to commit to firm-specific cospecialized investments, as well as orchestrating and monitoring these continued investments. We identify some comparative efficiency (dis)advantages of traditional cooperative and capitalist firms in dealing with the novel challenges posed by OTP and we conclude that, in its context, a new type of a hybrid firm can possess comparative efficiency advantages vis-à-vis both types of traditional firms.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | This is protected by copyright. All rights reserved. This is an author produced version of an article published in Academy of Management Review (AMR). Uploaded in accordance with the publisher's self-archiving policy. |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > International Business Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 08 Dec 2021 12:08 |
Last Modified: | 28 Sep 2022 00:16 |
Status: | Published online |
Publisher: | Academy of Management |
Identification Number: | 10.5465/amr.2019.0416 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:178616 |