Hours reductions as work-sharing

Article Abstract:

A number of highly industrialized countries such as Germany, France, and the US implemented reduction in number of hours worked since 1960. Job sharing is deemed as a solution to the problem of unemployment as job sharing would simply mean having two employees doing the same job at different schedules. German labor unions supported for a decreased number of full-time work hours to increase employment compared to the French labor unions. However, a reduction in number of work hours did not actually resulted in higher level of employment. Real hourly wages increased to offset reduced hours.

Employment, Work Schedules, Evaluation, Germany, Work hours, France, Economic policy, Job sharing

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Coalitions, incentives, and risk sharing

Article Abstract:

The effects of coalitional behavior on principal-multiagent relationships with moral hazard are analyzed, and cases where the principal prefers that agents form a coalition via side contracting are identified. Models are presented examining the possibility of side contracting contingent only on outputs and the effect of side contracts when production is individualistic and the optimal coalition-free contract is individual-based, with additional considerations of team production and revelation mechanisms.

Economic aspects, Coalition (Social sciences), Coalitions (Social sciences), Incentives (Business)

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The shut-down option and profit sharing

Article Abstract:

A model depicting an organization where a cooperative decision is reached between employees and management on the share of profits and paying workers a bonus when the firm faces a shut down is developed. The distributive parameter and the trigger price which pushes the firm to quit the market are featured. The analysis demonstrates that the participation parameter which determines the profits allocated to shareholders is always higher when the firm faces a shut-down option.

Plant shutdowns, Profit sharing

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