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...

Profit sharing arrangements Pareto-dominate fixed wage contracts, but are (far) less than ubiquitous. We account for this fixed wage puzzle by adopting a perspective of bounded rationality. Specifically, plausible share arrangements are not generally acceptable to both firms and unions.

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...

In diesem Beitrag wird ein vom Bundesministerium für Arbeit bezuschusstes Modellprojekt – die Mannheimer Arbeitsvermittlungsagentur (MAVA) – mit Hilfe von Matching-Methoden untersucht. In der MAVA arbeiten Mitarbeiter des Sozial- und Arbeitsamts eng bei der Vermittlung arbeitsfähiger...

"In this paper a model project, the Mannheim Employment Agency (Mannheimer Arbeitsvermittlungsagentur - MAVA), which was subsidised by the Federal Ministry for Labour, is examined using matching methods. In the MAVA, employees from the social assistance office and the employment office work...

The relevance of (political) borders on the one hand and of historical conditions on the other hand for some of today’s aspects of ec onomic and social reality is well established in both theoretical and empirical research in economics as wel as in other disciplines. More surprising are...

We estimate a New Keynesian DSGE model on French, German, Italian, and Spanish data. The main aim of this paper is to check for the respective sets of parameters that are stable over time, making use of the ESS procedure (“Estimate of Set of Stable parameters”) developed by Inoue and Rossi...

Wirtschaftliche und technologische Überlegenheit ermöglicht eine Vormachtstellung, doch welche Faktoren erklären ökonomische Prosperität, und was entscheidet über Armut und Reichtum von Nationen? Zu diesem Thema fand am 23. und 24. Mai 2014 eine wissenschaftliche Tagung unter der Leitung...

Vom 13. bis 15. Februar 2009 fand in der Akademie für Politische Bildung Tutzing unter der Leitung von Wolfgang Quaisser die Tagung "Zehn Jahre Euro - Bewährung in der Finanzkrise" statt. Einige der dort vorgestellten Referate sind hier dokumentiert. Joachim Starbatty, Universität Tübingen...