If the future market wage is uncertain, engaging in long–term employment is risky, with the risk depending on how regulated the labor market is. In our experiment long–term employment can result either from offering long–term contracts or from repeatedly and mutually opting for...

Facing a stochastic market wage, which is independent of their own hiring policy, employers offer contracts specifying fixed wage, revenue share and employment duration. In ongoing employment relations it depends on the treatment whether fixed wages can be only increased or also decreased. Will...

If the future market wage is uncertain, engaging in long-term employment is risky, with the risk depending on how regulated the labor market is. In our experiment long-term employment can result either from offering long-term contracts or from repeatedly and mutually opting for rematching....

Facing a stochastic market wage, which is independent of their own hiring policy, employersoffer contracts specifying fixed wage, revenue share and employment duration.In ongoing employment relations it depends on the treatment whether fixed wages canbe only increased or also decreased. Will the...

On an otherwise symmetric oligopoly market with stochastic demands for heterogeneousproducts firms can either hire an employee or partner or buy therequired labor input on the labor market. Whereas the wage of hired labor doesnot depend on the realization of stochastic demand, the price of...

Facing a stochastic market wage, which is independent of their own hiring policy, employers offer contracts specifying fixed wage, revenue share and employment duration. In ongoing employment relations it depends on the treatment whether fixed wages can be only increased or also decreased. Will...