Siebert, Horst; Long, Ngo Van - Fachbereich Wirtschaftswissenschaften, Universität Konstanz - 1984
The paper introduces the concept of a firm's normal employment level as a weighted average of past employment levels and it analyzes the impact of an incentive scheme in which a firm receives a reward (or pays a penalty) when it deviates above (below) its normal employment level. The result is...
