Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/57816
Authors: 
Jerger, Jürgen
Michaelis, Jochen
Year of Publication: 
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

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