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Efficiency Wages in the Share Economy

Franco Cugno and Mario Ferrero
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Franco Cugno: University of Torino

Chapter 7 in Share Systems and Unemployment, 1991, pp 74-88 from Palgrave Macmillan

Abstract: Abstract In this chapter we propose to continue the analysis undertaken in Chapter 6, centred on the performance of a share system in the presence of various types of steady-state unemployment, which are unaffected by shocks on the demand side. Here we consider the specific type of unemployment generated by efficiency wages and asymmetric information within the firm.

Keywords: Share Scheme; Marginal Revenue; Share System; Revenue Sharing; Wage Bill (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11530-3_7

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DOI: 10.1007/978-1-349-11530-3_7

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