Beckmann, Michael; Föhr, Silvia; Kräkel, Matthias - In: Schmalenbach Business Review (sbr) 62 (2010) 1, pp. 2-40
We highlight two effects of a works council that seem contradictory: the rent-seeking effect, which claims that a works council is set up by the workers to extract large rents from their employer, and the employment-security effect, which asserts that a works council is founded if the firm is...