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Title
Participation and Productivity: A Comparison of Worker Cooperatives and Conventional Firms in the Plywood Industry: Comment.
Abstract
Presents the authors' response to comments about their study that analyzed cooperative arrangements in the plywood industry. Response to the alleged puzzle that arose from the fact that the real price of logs rose by a factor of about 4 between 1960 and 1992; Reaction to the result that output of union firms is relatively insensitive to price.