Employment Relationships in Knowledge-Based Firms: Who Should Have Power?

Claudio Panico ()
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Claudio Panico: KITeS, Universita' Bocconi, Milano, Italy

No 9, KITeS Working Papers from KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy

Abstract: This paper investigates the relationship between an employer and a knowledge worker when an arrangement is set ex-ante to a¤ect the relative bargaining position in the ex-post negotiation. Specically, we study what drives the employers decision to endow the worker with the rights to control the deployment of valuable resources when this choice a¤ects the workers bargaining power in the negotiation. Our analysis highlights how di¤erent informational asymmetries impact on the employers problem of designing the employment contract to be o¤ered to the worker.

Pages: 36 pages
Date: 2009-05, Revised 2009-05
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Citations: View citations in EconPapers (5)

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