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Due to the complexity of employment protection legislation (EPL) in Germany, there is notable uncertainty about the outcomes of dismissal conflicts. In this study we focus on severance pay and inquire whether its incidence and level varies in a systematic manner with the legal rules as defined...
Persistent link: https://www.econbiz.de/10012783365
The discussion about employee representation on supervisory boards has received much attention from scholars and politicians around the world. We provide new insights to this ongoing debate by employing power indices from game theory to examine the "real" power of employees on boards and its...
Persistent link: https://www.econbiz.de/10009306574
Due to the complexity of employment protection legislation (EPL) in Germany, there is notable uncertainty about the outcomes of dismissal conflicts. In this study we focus on severance pay and inquire whether its incidence and level varies in a systematic manner with the legal rules as defined...
Persistent link: https://www.econbiz.de/10003297598
Due to the complexity of employment protection legislation (EPL) in Germany, there is notable uncertainty about the outcomes of dismissal conflicts. In this study we focus on severance pay and inquire whether its incidence and level varies in a systematic manner with the legal rules as defined...
Persistent link: https://www.econbiz.de/10003230706
clarify how stake asymmetry, lobbying-skill asymmetry and return to lobbying effort determine the relative desirability, from …
Persistent link: https://www.econbiz.de/10011513996
This paper deals with double lobbying: several bureaucrats participate in joint lobbying to get a high total … departmental budget, but they also engage in antagonistic lobbying to reap as high a share of the total budget as possible. The … antagonistic lobbying constitutes a contest among the bureaucrats. This paper characterizes the Nash equilibria in lobbying and …
Persistent link: https://www.econbiz.de/10011514012
become about issues before interest groups engage in monetary lobbying. For a range of issues, the policymaker prefers to … leads to intense lobbying competition and larger political contributions. We identify a novel benefit of campaign finance …
Persistent link: https://www.econbiz.de/10011295605
An organization must decide which proposals to fund. In evaluating the proposals, the organization may rely on those applying for funding to produce evidence about the merits of their own proposals. We consider the role of a capacity constraint preventing the organization from funding all...
Persistent link: https://www.econbiz.de/10011295651
We consider a (pure) public goods provision problem with voluntary participation in a quasi-linear economy. We propose a new hybrid solution concept, the free-riding-proof core (FRP-Core), which endogenously determines a contribution group, public goods provision level, and how to share the...
Persistent link: https://www.econbiz.de/10011694996
Every government that controls an exhaustible resource must decide whether to exploit it or to conserve and thereby let the subsequent government decide whether to exploit or conserve. This paper develops a theory of this situation and shows when a small probability that some future government...
Persistent link: https://www.econbiz.de/10012213175