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True, false, or uncertain: Suppose the present value of working for 25 years in a worker owned co-op or in a unionized capitalized firm are
True, false, or uncertain: "Suppose the present value of working for 25 years in a worker owned co-op or in a unionized capitalized firm are equal. If workers are expected utility maximizers over time, the ownership share price of a worker-owned co-op would be the same as the share price in a unionized but capitalist firm located in the same industry." EXTRA CREDIT for citing Craig and Pencavel (AER 1992) and Frank's textbook
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