Berninghaus, Siegfried K.; Gonzalez, Luis G.; Güth, Werner - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004
Two firms, each consisting of a team with the owner and just one employee, compete on the labor market with free labor mobility. After observing the investment decisions by firm owners their employees can engage in costly training, thus increasing their general and firm-specific productivity,...