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Economic rationalism versus social democracy : the battle for the industrial relations system and the public sector

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Long-term employment relations when agents are present biased

Englmaier, Florian; Fahn, Matthias; Schwarz, Marco A. - 2017

We analyze how agents' present bias affects optimal contracting in an infinite-horizon employment setting. The principal maximizes profits by offering a menu of contracts to naive agents: a virtual contract - which agents plan to choose in the future - and a real contract which they end up...

Persistent link: https://www.econbiz.de/10011591480

Decision type and change certainty as determinants of change acceptance and performance

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