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The presented paper proves that working time arrangements, which include hours flexibility and enable hours deposits, are appealing under product market uncertainty. The model integrates efficiency wage arguments into an implicit insurance-contract environment, thus extending the existing...
Persistent link: https://www.econbiz.de/10011525821
Dieser Beitrag wägt Vorteile und Nachteile verschiedener Flexibilisierungsstrategien ab, die der Stabilisierung des Beschäftigungsniveaus dienen. Insgesamt zeigt sich, daß Arbeitszeitflexibilisierung durch Arbeitszeitkonten alternativen kurzfristig ausgerichteten Anpassungsmechanismen aus...
Persistent link: https://www.econbiz.de/10011526064
Der vorliegende Beitrag begründet die Vorteilhaftigkeit von Arbeitszeitflexibilisierung bei Produktmarktunsicherheiten theoretisch über die Existenz von Arbeitszeitkonten. Das Arbeitszeitkonten Modell kombiniert dabei effizienzlohn und versicherungstheoretische Aspekte. Die Lösungen sind...
Persistent link: https://www.econbiz.de/10011526769
From the perspective of competitors, competition may be modeled as a prisoner's dilemma. Setting the monopoly price is cooperation, undercutting is defection. Jointly, competitors are better off if both are faithful to a cartel. Individually, profit is highest if only the competitor(s) is (are)...
Persistent link: https://www.econbiz.de/10008822475
Als Resultat einer ausführlichen politischen Debatte im Anschluss an die Bundestagswahl 2013 wurde in Deutschland am 1. Januar 2015 ein neuer Mindestlohn eingeführt. Dieser Artikel analysiert, ob die Bekanntgabe seiner Einführung bereits die Beschäftigungserwartungen von Arbeitgebern im Jahr...
Persistent link: https://www.econbiz.de/10011418249
This paper analyzes how firm-specific uncertainty affects firms’ propensity to invest. We measure firm-specific uncertainty as firms’ absolute forecast errors derived from survey data of German manufacturing firms over 2007–2011. In line with the literature, our empirical findings reveal a...
Persistent link: https://www.econbiz.de/10011445660
This paper examines the effects of uncertainty and flexible labour contracts on the Research and Development (R&D) expenditure. Using a panel of Italian manufacturing firms, we find a hump-shaped relationship between workforce flexibility and R&D outlays. Moreover, as predicted by the real...
Persistent link: https://www.econbiz.de/10011527188
regularities by developing a new firmbased trade model wherein managers are risk averse. Higher volatility induces the reallocation …
Persistent link: https://www.econbiz.de/10011547934
' perspective and aims to create a higher awareness of companies' risk drivers when it comes to specific challenges of different …´ perspective on climate-related risk-drivers, comprising i) changes in regulation, ii) changes in physical climate parameters and … related risks for companies. Furthermore, the results also facilitate a comparison of risk drivers between and within sectors …
Persistent link: https://www.econbiz.de/10011489285
In this study I present empirical evidence that employment in family firms is less sensitive to performance and product market fluctuations, both at the industry and at the firm level. This supports the idea that family firms are able to offer their employees implicit employment protection....
Persistent link: https://www.econbiz.de/10010391441