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Authority, as Flexibility, is the Core of Labour Contracts

Listed author(s):
  • Olivier Favereau
  • Bernard Walliser

[eng] The paper shows the tight similarities between two classical pieces of literature even if some differences are left due to the respective fields. The first concerns the option value defined in 1974 when comparing a reversible and an irreversible action in the case where further information is expected by the agent. The second concerns the framework introduced far earlier by Simon (1951) when comparing an employment contract and a sales contract with a collective criterion. [fre] L'article met en évidence les rapports étroits entre deux apports théoriques tout en soulignant les différences résiduelles dues à leurs champs différents. Le premier concerne la valeur d'option définie en 1974 lors de la comparaison entre une action flexible et une action irréversible lorsqu'une information ultérieure est attendue. Le second concerne le cadre conceptuel introduit bien plus tôt par Simon (1951) pour comparer un contrat d'emploi et un contrat de vente à l'aide d'un critère collectif.

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Article provided by Programme National Persée in its journal Revue d'économie industrielle.

Volume (Year): 92 (2000)
Issue (Month): 1 ()
Pages: 179-192

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Handle: RePEc:prs:recind:rei_0154-3229_2000_num_92_1_1045
Note: DOI:10.3406/rei.2000.1045
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