-Taylor approach to estimate the effect of codetermination on the compensation design. Finally, codetermination has a significantly …

institutioneller Rahmenbedingungen der Unternehmensführung - und damit auch von Fragen der Mitbestimmung - erlauben. Wir untersuchen …-founded economic discussion of the relative merits of different institutional settings to manage a firm in general and of co-determination … efficiency according to these models. On this basis we discuss the possible efficiency gains of legally binding co-determination …

The laws on codetermination in Germany provide enormous rights for employees to control and influence the decisions of … firms. This weakens the owners' property rights, which, however, is not necessarily inefficient. Codetermination can be seen …-interest in legal provision of codetermination. The paper analyzes four different institutional arrangements, distinguishing …