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Moral Hazard and Bargaining over Incentive Contracts

Dittrich, Marcus; Städter, Silvio - CESifo - 2014

This paper analyses bargaining over an incentive compatible contract in a moral hazard framework. We introduce the Kalai-Smorodinsky bargaining solution and compare the outcome with the commonly applied Nash solution. Whether worker’s effort is higher in the Nash or the Kalai-Smorodinsky...

Persistent link: https://www.econbiz.de/10010877973

Bargaining Power and Equilibrium Consumption

Gersbach, Hans; Haller, Hans - CESifo - 2005

We examine how a shift of bargaining power within households operating in a competitive market environment affects equilibrium allocation and welfare. If price effects are sufficiently small, then typically an individual benefits from an increase of bargaining power, necessarily to the detriment...

Persistent link: https://www.econbiz.de/10005766162

Slotting Allowances and Manufacturers’ Retail Sales Effort

Foros, Oystein; Kind, Hans Jarle; Sand, Jan Yngve - CESifo - 2008

A manufacturer’s incentives to undertake non-contractible investments depend on the profit margin on her sales to the retailer, and slotting allowances can facilitate such incentives by increasing unit wholesale prices. At first glance, it is tempting to conclude that slotting allowances...

Persistent link: https://www.econbiz.de/10005094262

The Political Economy of Collective Bargaining

Palokangas, Tapio - CESifo - 2002

We construct a political equilibrium in which employers and labour unions bargain over labour contracts, wage-earners and profit-earners lobby the government for taxation and labour market regulation, and labour market legislation must be accepted by the majority of voters. We show that the...

Persistent link: https://www.econbiz.de/10005051549

The Structure of the Permanent Job Wage Premium: Evidence from Europe

Kahn, Lawrence - CESifo - 2013

Using longitudinal data on individuals from the European Community Household Panel for thirteen countries during 1995-2001, I investigate the wage premium for permanent jobs relative to temporary jobs. For men, the wage premium for a permanent job is lower for older workers and native born...

Persistent link: https://www.econbiz.de/10010877919

Real and Monetary Challenges to Wage Policy in Germany at the Turn of the Millennium: Technical Progress, Globalization and European Monetary Union

Franz, Wolfgang - CESifo - 1999

At the turn of the millennium three frequently cited potential causes of new challenges for wage p olicy in Germany are revisited in this study: skilled-biased technological progress, the increasing international integration of labor and product markets, and the monetary integration of the EMU....

Persistent link: https://www.econbiz.de/10005765693

The Structure of Worker Compensation in Brazil, with a Comparison to France and the United States

Filho, Naércio Aquino Menezes; Muendler, Marc-Andreas; … - CESifo - 2006

We employ a comprehensive matched employer-employee data set for Brazil to analyze wage determinants and compare results to Abowd, Kramarz, Margolis and Troske (2001) for French and U.S. manufacturing. Returns to education and experience in Brazilian manufacturing exceed those of the other...

Persistent link: https://www.econbiz.de/10005766015

The East German Wage Structure after Transition

Orlowski, Robert; Riphahn, Regina T. - CESifo - 2008

We extend the literature on transition economies' wage structures by investigating the returns to tenure and experience. This study applies recent panel data and estimation approaches that control for hitherto neglected biases. We compare the life cycle structure in East and West German wages...

Persistent link: https://www.econbiz.de/10005766091

Spatial Concentration of Manufacturing Firms in China

Brakman, Steven; Garretsen, Harry; Zhao, Zhao - CESifo - 2014

firms in China. Using a unique and detailed dataset on manufacturing firms in China, we are able to follow the changes in … location patterns of firms between 2002 and 2008. Our analysis shows that firms in China are more localized than in the UK or … state-owned firms. Our findings are consistent with the notion that China is increasingly liberalizing its economy, enabling …

Persistent link: https://www.econbiz.de/10010877721

Oil Price Uncertainty and Sectoral Stock Returns in China: A Time-Varying Approach

Caporale, Guglielmo Maria; Ali, Faek Menla; Spagnolo, Nicola - CESifo - 2014

This paper investigates the time-varying impact of oil price uncertainty on stock prices in China using weekly data on …

Persistent link: https://www.econbiz.de/10010877768