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We study employment, employee effort, wages and profit sharing when firms face stochastic revenue shocks and when base wages and profit shares are determined through collective bargaining. The negotiated profit share depends positively on the relative bargaining power of the trade union and has...
Persistent link: https://www.econbiz.de/10005556797
Persistent link: https://www.econbiz.de/10005550897
incentives effects and recent experiences in Eastern and Central Europe. …
Persistent link: https://www.econbiz.de/10005556094
Der Artikel liefert einen Einblick in die wirtschaftswissenschaftliche Sichtweise der Terrorismusforschung und versucht Aspekte der zukünftigen Entwicklung zu beleuch-ten. Dabei werden Konzepte des Angebots und der Erträge terroristischer Aktivitäten beschrieben und Ansatzpunkte einer...
Persistent link: https://www.econbiz.de/10005556530
}punishments and rewards to align incentives. Field data is mixed on whether, and to what extent, such informal incentive contracting …, the impact of ex post incentives on informal contracts between principals and agents in bargaining environments in which …
Persistent link: https://www.econbiz.de/10005556679
This work is a contribution to the Second Generation Theory (SGT) of fiscal federalism that studies fiscal federalism … through contemporary economic and industrial organization theory. First, it establishes context by introducing the two classic … motivations in support of federalism, namely, incentives and knowledge. Second, it succinctly discusses the incentive …
Persistent link: https://www.econbiz.de/10005556973
Surveys provide widely cited measures of political knowledge. Do unusual aspects of survey interviews affect these measures? An experiment on a nationally representative sample of over 1200 Americans provides an answer. Respondents are randomly assigned to one of four groups. A control group...
Persistent link: https://www.econbiz.de/10005125560
The existing debate about policies designed to foster the development of a stakeholder economy have largely avoided a fundamental question. How large is the financial stake employees currently hold in their companies? This paper addresses this question using data from the Datastream database,...
Persistent link: https://www.econbiz.de/10005125764
This paper evaluates the intensity of the value-maximization incentives for average employees generated through wage …
Persistent link: https://www.econbiz.de/10005134449
Do firms use autonomy to motivate workers, or do they give autonomous jobs to workers who are already especially motivated? A standard result in economics is that firms offer autonomous jobs to promote worker motivation. But surprisingly, little attention has been given to the details of this...
Persistent link: https://www.econbiz.de/10005407531