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Strategic outsourcing, profit sharing and equilibrium unemployment

Koskela, Erkki; König, Jan - 2007

We analyze the following questions associated with outsourcing and profit sharing under imperfect labour markets. How does strategic outsourcing influence wage formation, profit sharing and employee effort when firms commit to optimal profit sharing before wage formation or decide for profit...

Persistent link: https://www.econbiz.de/10010264267

Flexible outsourcing, profit sharing and equilibrium unemployment

Koskela, Erkki; König, Jan - 2008

We analyze the questions associated with flexible outsourcing both with committed and flexible profit sharing under imperfect domestic labour markets. How does profit sharing influence flexible outsourcing? What is the relationship between outsourcing cost, profit sharing and equilibrium...

Persistent link: https://www.econbiz.de/10010264425

Profit sharing, wage formation and flexible outsourcing under labor market imperfection

Koskela, Erkki; König, Jan - 2010

We combine profit sharing and outsourcing, if the wage for worker is decided by a labor union to analyze how does the implementation of profit sharing affect individual effort and the bargained wage and thus outsourcing? We find that profit sharing and the wage level have an individual...

Persistent link: https://www.econbiz.de/10010266078

A Comparison of Regret Theory and Salience Theory for Decisions under Risk

Herweg, Fabian - 2020

Two non-transitive theories to model decision making under risk are regret theory (Loomes and Sugden, 1982, 1987) and … salience theory (Bordalo, Gennaioli, and Shleifer, 2012). While the psychological underpinning of these two approaches is … of choice behavior. We investigate the overlap between these theories and show that original regret theory (Loomes and …

Persistent link: https://www.econbiz.de/10012850081

Testing the Dismal Theorem

Anthoff, David; Tol, Richard S.J - 2021

Weitzman's Dismal Theorem has that the expected net present value of a stock problem with a stochastic growth rate with unknown variance is unbounded. Cost-benefit analysis can therefore not be applied to greenhouse gas emission control. We use the Generalized Central Limit Theorem to show that...

Persistent link: https://www.econbiz.de/10013239336

The Distribution of Ambiguity Attitudes

Gaudecker, Hans-Martin von; Wogrolly, Axel; Zimpelmann, … - 2022

This paper analyzes the stability and distribution of ambiguity attitudes using a broad population sample. Using high-powered incentives, we collected six waves of data on ambiguity attitudes about financial markets—our main application—and climate change. Estimating a structural stochastic...

Persistent link: https://www.econbiz.de/10014241994

Can profit sharing lower flexible outsourcing?: a note

Koskela, Erkki; König, Jan - 2009

We analyze the following question associated with flexible outsourcing under imperfect domestic labour market: How does the implementation of profit sharing influence flexible outsourcing? We show that in general profit sharing has a negative effect on low skilled wage and thus an outsourcing...

Persistent link: https://www.econbiz.de/10010264604

Product market competition, profit sharing and equilibrium unemployment

Koskela, Erkki; Stenbacka, Rune - 2005

We investigate the implications of product market imperfections on profit sharing, wage negotiation and equilibrium unemployment. The optimal profit share, which the firms use as a wage-moderating commitment device, is below the bargaining power of the trade union. Intensified product market...

Persistent link: https://www.econbiz.de/10010261374

Social relations and relational incentives

Dur, Robert; Tichem, Jan - 2012

This paper studies how social relationships between managers and employees affect relational incentive contracts. To this end we develop a simple dynamic principal-agent model where both players may have feelings of altruism or spite toward each other. The contract may contain two types of...

Persistent link: https://www.econbiz.de/10010282065

The Rise of Individual Performance Pay

Kvaloy, Ola - 2007

Why does individual performance pay seem to prevail in human capital intensive industries? We present a model that may explain this. In a repeated game model of relational contracting, we analyze the conditions for implementing peer dependent incentive regimes when agents possess indispensable...

Persistent link: https://www.econbiz.de/10012778199

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