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Traditional firm structures are currently undergoing drastic change. The changes that the traditional firm is currently undergoing will permit active involvement of labor at all levels of the firm´s decision-making process, offer workers substantial job security, protect workers´ firm specific investment against excessive losses, guarantee workers at least market rates of return on their human capital and will allow labor a major role in shaping the firm´s work rules and the production environment. These changes pose an enormous challenge to practitioners and policy-makers alike. The difficulties of appropriately modeling the new codetermined firms are also formidable. The present collection of papers furnishes building blocks for a better analysis of complex firm structures. The present effort is designed to be a workbook , a point of departure on which new research and teaching is to be built, and a work of reference on what has already been accomplished.

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1. Editors´ Introduction.- 2. Participation and Codetermination in a Perfect and Imperfect World.- 3. Comment.- 4. A General Model of Codetermination.- 5. Comment.- 6. Codetermination, Collective Bargaining, Commitment, and Sequential Games.- 7. Comment.- 8. The Impact of Industrial Policy and Structural Changes on Codetermination in the German Steel Industry.- 9. Comment.- 10. Codetermination in West Germany: Institutions and Experiences.- 11. Comment.- 12. Institutional Reform: The Future of Codetermination.- 13. Comment.- 14. Workers´ Participation Stimulated by the Economic Failure of Traditional Organization An Analysis of Some Recent Institutional Development.- 15. Comment.- 16. Empirical Studies on Codetermination: A Selective Survey and Research Design.- 17. About the Authors.- 18. Name Index.- 19. Subject Index.

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