Updating Valuations and Stochastic Dynamics on Coordination—Implications on Capital-Labor Relations

摘要

@@Relationship between labor and capital is one of important factors that affect onefficiency of production. Especially, under great industry by machinery, the amount andquality of machine,i.e.capital,is the dominant factor for efficiency.This brings strongbargaining power to capital.However,since 1980's,information industry and soft economyhave been developed.Eventually,labor can accumulate a human capital.And they alsohave some bargaining power against capital.In addition to this,in information industry andsoft economy,some coordination among producers including capital and labor areimportant in the process of production.This kind of coordination is not resolved by thedictatorial power of someone over others, e.g. capital and labor. This is because eachproducer within a firm has some specialized knowledge and some bargaining power. In thispaper, we examine evolutionary consequences of coordination. With these results, we try toderive some implications for the coordination within a firm in "Post-Capitalism" defined byOhnishe(2004).