Jerger, Juergen and Michaelis, Jochen (2011) The fixed wage puzzle: Why profit sharing is so hard to implement. ECONOMICS LETTERS, 110 (2). pp. 104-106. ISSN 0165-1765,
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Profit sharing arrangements Pareto-dominate fixed wage contracts, but are (far) less than ubiquitous. We account for this fixed wage puzzle by adopting a perspective of bounded rationality. Specifically, plausible share arrangements are not generally acceptable to both firms and unions. (C) 2010 Elsevier B.V. All rights reserved.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | UNEMPLOYMENT; Profit sharing; Share economy; Remuneration systems |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Internationale und Monetäre Ökonomik (Prof. Dr. Jürgen Jerger) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 26 Jun 2020 06:00 |
| Last Modified: | 26 Jun 2020 06:00 |
| URI: | https://pred.uni-regensburg.de/id/eprint/21283 |
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