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Title:The fixed wage puzzle: Why profit sharing is so hard to implement PDF Logo
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 / München (OEI)

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