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http://hdl.handle.net/10419/57816
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| Title: | | The fixed wage puzzle: Why profit sharing is so hard to implement  |
| Authors: | | Jerger, Jürgen Michaelis, Jochen |
| Issue Date: | | 2010 |
| Series/Report no.: | | Arbeiten aus dem Osteuropa-Institut Regensburg 283 |
| Abstract: | | It is well known that profit sharing arrangements Pareto-dominate fixed wage contracts. Share agreements are (far) less than ubiquitous, however. This paper offers a solution of this fixed wage puzzle by adopting a perspective of bounded rationality. We show that share arrangements that fulfill plausible constraints are not generally acceptable to both firms and unions. |
| ISBN: | | 978-3-938980-32-3 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Papers, Osteuropa-Institut Regensburg (OEI)
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