The fixed wage puzzle: Why profit sharing is so hard to implement
Profit sharing arrangements Pareto-dominate fixed wage contracts, but are (far) less than ubiquitous. We account for this fixed wage puzzle by adopting a perspective of bounded rationality. Specifically, plausible share arrangements are not generally acceptable to both firms and unions.
Year of publication: |
2011
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---|---|
Authors: | Jerger, Jürgen ; Michaelis, Jochen |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 110.2011, 2, p. 104-106
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Publisher: |
Elsevier |
Keywords: | Profit sharing Share economy Remuneration systems |
Saved in:
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