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1 - 10 van 177 voor specific investments
cpb book labour market flexibility netherlands 0 pdf
... flexibility and with investments in firm-specific skills? workers generally are risk averse and many prefer commitment. employers are willing to bear the risks associated with firm-specific investments when they ... not solve the hold-up problem of firm-specific investments. 6 the reason is that workers may extract rents from firm-specific investments made by the employer after they have turned out ...
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Microsoft Word - discussion165.doc
... the wage is independent from specific investments and fully reflects general investments, the firm invests efficiently in specific skills and the employee ... specific investments by the employee, while the firm invests efficiently. conversely, an employee sets wage contract implies efficient 1 alternatively, complementarities between general and specific capital may also lead to firm investments ...
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dp174-flexible-retirement.pdf
... retirement (pensions, disability insurance). 5.2 specific capital the demand for labour of older workers may be relatively low because hiring them in- volves specific investments which are not easily recovered. the ... that case, firms will only hire young workers and earn a maximum rent on the specific investments made. it was however argued in the preceding section that young workers are becoming ...
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00/research memorandum Can we a [PFP#1092373775]
... + international capital mobility + industrial structure stakeholder view of the firm + firm-specific investments + turnover of firms + large firms dominant + dominant market structure monopolistic ... imperfections. informal contracts play an important role in encouraging firm-specific investments and binding workers to firms. the stakeholder view of the ...
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bijz8.pdf
... immobile factors of production and their institutions, nation states may attract financial capital, direct investments by foreign companies and high-qualified labour. this strengthens a nation's knowledge base ... reneges on an ex-ante implicit agreement with private agents. this may harm agents' specific investments that were conditional on the ex-ante institutional arrangements. in the eyes of ...
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exploring ambiguous impact employment protection pdf
... specific investments do not depend on epl variables directly. indeed, epl does not overcome the contracting problem for specific investments. workers get only a returns of their specific investments, and firms only get a their specific investments ... specific investments, what is relevant to note is that both specific investments by the firm and the worker rise with t, whereas specific investments ...
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governance stakeholder relationships german and dutch experience pdf
... specific to the relationship with the firm2 . in other words, a stake- holder has invested in relationship-specific assets that are at risk in the enterprise (blair, 1995). if substantial relationship-specific investments ... creating features of relationship-specific investments and the benefits of these investments for the company. in that respect relationship-specific investment decisions do not ...
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Research Memorandum (set-up) [PFP#201413950]
... relationship, and hence minimizing the chance for renegotiation. in this way they can make their specific investments, without the risk of undermining their bargaining positions. only when the joint surplus becomes ... unemployment, econometrica, 57 2, pp. 447-480. macleod, w.b. and j.m. malcomson (1993), investments, hold-ups and the form of market contracts, american economic review, 83, pp. 811- ...
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MNP-rapport 500114006 Post-2012 Climate Policy Scenarios
... fast-developing countries focus primarily on security of energy supplies and local air quality. specific investments in reducing greenhouse gas emissions only get off the ground if they receive ... of capital goods etc.) are neglected in the calculations. stricter environmental policies render past investments less profitable and require a number of adjustments in both human and physical capital ...
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rhineland-exit.pdf
... a discussion. 6 an alternative solution would be to let the worker pay a specific investments. 22 of specific investment. hence, the introduction of the lifo profile must be offset by a ... jutland. 7 with non-contractible firm-specific investments, workers must bear some firm-specific risks. the tenure profiles can then be seen as a compensation for the firm-specific risks. role of politics ...
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