relationship is frequently reversed if firms adopt profit sharing schemes. If employment at a fixed wage complements unemployment … benefits to constitute the trade union's relevant outside option, intensified credit market competition will increase … equilibrium unemployment. This relationship is shown to hold also for cases where the outside option incorporates profit sharing …

We offer a unified framework to analyze the determination of employment, employee effort, wages, profit-sharing and … the wage bargaining literature by incorporating efficiency wage considerations, profit-sharing and capital structure. The … profit-sharing instrument is demonstrated to have positive effort-augmenting and wage-moderating effects, which exactly …

agent with bargaining power. In the first stage the parties bargain over the base wage and the profit share. In the second … base wage increases in the degree of the competitiveness in the market for outside equity funding, the profit share is …

place conditional on the firm having committed itself to use performance-related profit sharing in addition to the … negotiated base wage. It is shown that in the presence of profit sharing intensified credit market competition will raise …

this relationship is frequently reversed if firms adopt profit sharing schemes. If employment at a fixed wage complements … unemployment benefits to constitute the trade union's relevant outside optin, intensified credit market competition will increase … equilibrium unemployment. This relationship is shown to hold also for cases where the outside option incorporates profit sharing …

We offer a unified framework to analyse the determination of employment, employee effort, wages, profit-sharing and … wage bargaining literature by incorporating effciency wage considerations, profit-sharing and capital structure. The profit …