Negotiation of profit-sharing contracts in industry

Bensaïd, Bernard; Gary-Bobo, Robert

doi:10.1016/0014-2921(91)90005-4

Cited by 168 publications

(47 citation statements)

References 11 publications

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“…Second, the kernel smoothing approach allowed us to estimate the regression response, and the function F in particular, without reference to a specific form. instrumental-variable-type estimators in a semiparametric context, particularly for the local averaging techniques, were subject to few studies 10 . As such an analysis is beyond the scope of this article, we circumvent this potential endogeneity problem by imposing this orthogonality condition.…”

Section: A51 Pre-filtering Stagementioning

confidence: 99%

“…Indeed, as showed by Galí and Gertler (1999), there is an approximate log-linear relationship between the real marginal cost and the output gap. And by selecting the real unit labor cost, we would have neglected in the 10 Semiparametric IV estimators are still an extensive area for ongoing research. For example, recently Park (2006) proposed an IV-type estimator based on a semiparametric regression model in which the error term is correlated with the nonparametric part.…”

Section: A51 Pre-filtering Stagementioning

confidence: 99%

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Is the inflation–output Nexus asymmetric in the Euro area?

2007

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* We are grateful to Cécile Simon for her remarkable assistance and Jean-Guillaume Sahuc for his helpful comments. We also thank J.-M. Charpin who discussed in October 2002 a preliminary version of this paper at the Banque de France workshop chaired by M.-O. Strauss-Kahn. All remaining errors are ours. The views expressed herein are those of the authors and do not necessarily reflect those of the Banque de France.

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Section: A51 Pre-filtering Stagementioning

confidence: 99%

Section: A51 Pre-filtering Stagementioning

confidence: 99%

Is the inflation–output Nexus asymmetric in the Euro area?

2007

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“…Un premier examen des séries utilisées donnent la même intuition. En effet, les densités empiriques estimées par la méthode des noyaux 12 sont fortement asymétriques 10 Le QPS (Quadratic Probability Score) de Brier (1950) est un outil quantitatif permettant de déterminer le positionnement dans le cycle d'une variable. Il est défini selon la formule suivante :…”

Section: Trois Phases Dans Le Cycleéconomique Américainunclassified

Les marchés financiers anticipent-ils les retournements conjoncturels ?

Bellone¹,

Gautier²,

Coent³

2006

Économie &Amp; Prévision

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Cet article chercheà identifier la capacité des variables financièresà constituer des indicateurs avancés de l'activité américaine. Il introduit notamment l'utilisation de divers modèlesà chaîne de Markov cachée dont le modèle MS-VAR de Krolzig (1997) et celui de Grégoir-Lenglart (2000). A partir de quatre séries financières, ceux-ci fournissent un cadre qui se révèle robuste et fiable pour la construction d'un indicateur avancé probabiliste qualitatif dont l'horizon prédictif est de 3à 6 mois. Les marchés financiers au cours des 40 dernières années ont renvoyé très peu de faux signaux, identifiant toutes les phases de ralentissements conjoncturels outre-atlantiques, dont les six récessions majeures considérées par le NBER. Mots-clés : Cycle d'affaires, Modèles multivariésà changements de régimes markoviens qualitatifs, Modèles MS-VAR, Indicateurs avancés.

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“…Similarly, prisoner's dilemma situations have been proven for oligopolies with or without profitsharing (Fung, 1989;Stewart, 1989;Bensaid and Gary-Ruby, 1991). Kraft (1998Kraft ( , 2001 shows that codetermination also leads to individual incentives to increase output, which imply higher profits if the other firms do not change their strategy, but decreases total profits if all companies produce a larger output.…”

Section: Introductionmentioning

confidence: 95%

Wage versus efficient bargaining in oligopoly

Kraft¹

2006

Manage. Decis. Econ.

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This paper combines internal bargaining between firms and their employees with a situation of imperfect competition, in particular a Cournot-oligopoly. Wage bargaining is compared with simultaneous negotiations on wages and employment (efficient bargaining). It turns out that for a large range of parameter values a prisoner's dilemma concerning profits exists. The dominant strategy is efficient bargaining, while the joint profits are maximized with wage negotiations. A simplified example considers economic welfare and utility of the unions. Different welfare measures are considered like the usual IO measure of consumer and producer surplus as well as others. The term 'efficient bargaining' is not justified (at least for the present example) if the profits and the rents of the unions are considered, as these are maximized with wage bargaining. However, consumer and producer surplus are highest with efficient bargaining. Copyright © 2006 John Wiley & Sons, Ltd.

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Negotiation of profit-sharing contracts in industry

Cited by 168 publications

References 11 publications

Is the inflation–output Nexus asymmetric in the Euro area?

Is the inflation–output Nexus asymmetric in the Euro area?

Les marchés financiers anticipent-ils les retournements conjoncturels ?

Wage versus efficient bargaining in oligopoly

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