The fixed wage puzzle: why profit sharing is so hard to implement
It is well known that profit sharing arrangements Pareto-dominate fixed wage contracts. Share agreements are (far) less than ubiquitous, however. This paper offers a solution of this "fixed wage puzzle“ by adopting a perspective of bounded rationality. We show that share arrangements...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Regensburg
Osteuropa-Inst.
April 2010
|
| Series: | Arbeiten aus dem Osteuropa-Institut Regensburg
Nr. 283 |
| Online Access: | Volltext |
| Summary: | It is well known that profit sharing arrangements Pareto-dominate fixed wage contracts. Share agreements are (far) less than ubiquitous, however. This paper offers a solution of this "fixed wage puzzle“ by adopting a perspective of bounded rationality. We show that share arrangements that fulfill "plausible“ constraints are not generally acceptable to both firms and unions. |
| Physical Description: | 7 S. |
| ISBN: | 9783938980323 |
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| id | DE-604.BV036661151 |
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| spelling | Jerger, Jürgen 1965- Verfasser (DE-588)121170381 aut The fixed wage puzzle why profit sharing is so hard to implement Jürgen Jerger and Jochen Michaelis Regensburg Osteuropa-Inst. April 2010 7 S. txt rdacontent n rdamedia nc rdacarrier Arbeiten aus dem Osteuropa-Institut Regensburg Nr. 283 It is well known that profit sharing arrangements Pareto-dominate fixed wage contracts. Share agreements are (far) less than ubiquitous, however. This paper offers a solution of this "fixed wage puzzle“ by adopting a perspective of bounded rationality. We show that share arrangements that fulfill "plausible“ constraints are not generally acceptable to both firms and unions. Michaelis, Jochen 1959- Verfasser (DE-588)133300471 aut Erscheint auch als Online-Ausgabe kostenfrei Langzeitarchivierung durch die Bayerische Staatsbibliothek urn:nbn:de:bvb:12-babs2-0000285418 Arbeiten aus dem Osteuropa-Institut Regensburg Nr. 283 (DE-604)BV035005709 283 http://www.oei-dokumente.de/publikationen/wp/wp-283.pdf Verlag kostenfrei Volltext |
| spellingShingle | Jerger, Jürgen 1965- Michaelis, Jochen 1959- The fixed wage puzzle why profit sharing is so hard to implement Arbeiten aus dem Osteuropa-Institut Regensburg |
| title | The fixed wage puzzle why profit sharing is so hard to implement |
| title_auth | The fixed wage puzzle why profit sharing is so hard to implement |
| title_exact_search | The fixed wage puzzle why profit sharing is so hard to implement |
| title_full | The fixed wage puzzle why profit sharing is so hard to implement Jürgen Jerger and Jochen Michaelis |
| title_fullStr | The fixed wage puzzle why profit sharing is so hard to implement Jürgen Jerger and Jochen Michaelis |
| title_full_unstemmed | The fixed wage puzzle why profit sharing is so hard to implement Jürgen Jerger and Jochen Michaelis |
| title_short | The fixed wage puzzle |
| title_sort | the fixed wage puzzle why profit sharing is so hard to implement |
| title_sub | why profit sharing is so hard to implement |
| url | http://www.oei-dokumente.de/publikationen/wp/wp-283.pdf |
| volume_link | (DE-604)BV035005709 |
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