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The Fixed Wage Puzzle: Why Profit Sharing Is So Hard to Implement

Jerger, Jürgen and Michaelis, Jochen (2010) The Fixed Wage Puzzle: Why Profit Sharing Is So Hard to Implement. Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft 441, Working Paper, Regensburg.

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Date of publication of this fulltext: 16 Apr 2010 08:25

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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.

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Item type:Monograph (Working Paper)
Series of the University of Regensburg:Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft
Date:April 2010
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Internationale und Monetäre Ökonomik (Prof. Dr. Jürgen Jerger)
Interdisciplinary Subject Network:Immobilien- und Kapitalmärkte
Identification Number:
RePEc:bay:rdwiwi:14395RePEc Handle
E24, J33Journal of Economics Literature Classification
Keywords:Profit Sharing, Share Economy, Remuneration Systems
Dewey Decimal Classification:300 Social sciences > 330 Economics
Refereed:No, this version has not been refereed yet (as with preprints)
Created at the University of Regensburg:Yes
Item ID:14395
Owner only: item control page


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