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We examine how a principal implements a joint forcing contract for a team of two agents, whose joint product determines the value of the principal's asset. We focus on the "agents' problem": whether to contribute to a public good when one's costly contribution is unobservable. Our experiments...
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Bargaining theory suggests that married women who experience a relative improvement in their labour market position …
Persistent link: https://www.econbiz.de/10011628813
We quantify the effects of wage bargaining shocks on macroeconomic aggregates using a structural vector auto …-regression model for Germany. We identify exogenous variation in bargaining power from episodes of minimum wage introduction and … industrial disputes. This narrative information disciplines the impulse responses to a wage bargaining shock of un-employment and …
Persistent link: https://www.econbiz.de/10013324270
capital structure when firms face stochastic revenue shocks. We apply a generalized Nash bargaining solution which extends the … wage bargaining literature by incorporating effciency wage considerations, profit-sharing and capital structure. The profit …
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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. The …
Persistent link: https://www.econbiz.de/10009781550
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. The …
Persistent link: https://www.econbiz.de/10013321201
Persistent link: https://www.econbiz.de/10011904958