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Profit sharing regulation and repeated bargaining with a shut-down option

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  • Michele Moretto
  • Gianpaolo Rossini

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Suggested Citation

  • Michele Moretto & Gianpaolo Rossini, 1996. "Profit sharing regulation and repeated bargaining with a shut-down option," Review of Economic Design, Springer;Society for Economic Design, vol. 2(1), pages 339-368, December.
    • Handle: RePEc:spr:reecde:v:2:y:1996:i:1:p:339-368
    DOI: 10.1007/BF02499140
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    References listed on IDEAS

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    1. Masahiko Aoki, 2013. "A Model of the Firm as a Stockholder-Employee Cooperative Game," Chapters, in: Comparative Institutional Analysis, chapter 9, pages 141-142, Edward Elgar Publishing.
    2. M, M & R, G, 1995. "The Shut-Down Option and Profit Sharing," Journal of Comparative Economics, Elsevier, vol. 21(2), pages 154-186, October.
    3. Dixit, Avinash K, 1989. "Entry and Exit Decisions under Uncertainty," Journal of Political Economy, University of Chicago Press, vol. 97(3), pages 620-638, June.
    4. Chung, Tai-Yeong, 1992. "On the Social Optimality of Liquidated Damage Clauses: An Economic Analysis," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 8(2), pages 280-305, April.
    5. M. Moretto & G. Rossini, 1994. "Shut Down Option and Profit Sharing," Working Papers 190, Dipartimento Scienze Economiche, Universita' di Bologna.
    6. Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
    7. Aghion, Philippe & Bolton, Patrick, 1987. "Contracts as a Barrier to Entry," American Economic Review, American Economic Association, vol. 77(3), pages 388-401, June.
    8. Kongsted, Hans Christian, 1996. "Entry and exit decisions under uncertainty: The limiting deterministic case," Economics Letters, Elsevier, vol. 51(1), pages 77-82, April.
    9. Robert McDonald & Daniel Siegel, 1986. "The Value of Waiting to Invest," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 101(4), pages 707-727.
    10. Edward P. Lazear & Richard B. Freeman, 1996. "Relational Investing: The Worker's Perspective," NBER Working Papers 5436, National Bureau of Economic Research, Inc.
    11. S. Pastorello & M. Moretto, 1995. "Entry-Exit Timing and Profit Sharing," Working Papers 228, Dipartimento Scienze Economiche, Universita' di Bologna.
    12. Chung, Tai-Yeong, 1995. "On Strategic Commitment: Contracting versus Investment," American Economic Review, American Economic Association, vol. 85(2), pages 437-441, May.
    13. McDonald, Robert L & Siegel, Daniel R, 1985. "Investment and the Valuation of Firms When There Is an Option to Shut Down," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 26(2), pages 331-349, June.
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    Cited by:

    1. Jyh‐Bang Jou & Tan (Charlene) Lee, 2021. "Uncertainty, hiring and firing costs, and the determinants of profit‐sharing rules," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(1), pages 185-197, January.
    2. Di Corato, Luca, 2013. "Profit sharing under the threat of nationalization," Resource and Energy Economics, Elsevier, vol. 35(3), pages 295-315.

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    More about this item

    Keywords

    L20; D92; Profit; Sharing; Bargaining; Regulation; Shut-down; Option;
    All these keywords.

    JEL classification:

    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing

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