Buhai, Sebastian; Portela, Miguel; Teulings, Coen N.; … - 2008
consider the effects of Employment Protection Legislation and risk aversion. -- Irreversible investment ; efficient bargaining … Hosios (1990) condition. In
some sense, stringent Employment Protection Legislation (EPL) acts as an arti�cial
way to … LIFO rule is a way to protect their property
right on the specific investment. We consider the effects of Employment …