Capital Structure, Wage Bargaining and Employment.

We offer a unified framework to analyze the determination of employment, employee effort, wages, profit-sharing and capital structure when firms face stochastic revenue shocks. We apply a generalized Nash bargaining solution, which extends the wage bargaining literature by incorporating efficiency wage considerations, profit-sharing and capital structure.

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Year of publication:	2000
Authors:	Koskela, E. ; Stenbacka, R.
Institutions:	Politiikan ja Talouden Tutkimuksen Laitos, Valtiotieteellinen tiedekunta
Subject:	WAGES \| CAPITAL STRUCTURE \| EMPLOYMENT

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Series:	University of Helsinki, Department of Economics.
Type of publication:	Book / Working Paper
Notes:	43 pages
Classification:	J51 - Trade Unions: Objectives Structure, and Effects ; J41 - Contracts: Specific Human Capital, Matching Models, Efficiency Wage Models, and Internal Labor Markets ; G32 - Financing Policy; Capital and Ownership Structure
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005474887