Borjas, George J.; III, H. E. Frech; Ginsburg, Paul B. - In: Journal of Human Resources 18 (1983) 2
In this paper we develop the implications of the property rights theory of the firm for wage determination and test the model using data from the U.S. nursing home industry. The main theoretical prediction is that any attenuation of property rights will lead to higher wage rates for the firm's...