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

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  • Claudio Panico

    (KITeS, 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.

Suggested Citation

  • Claudio Panico, 2009. "Employment Relationships in Knowledge-Based Firms: Who Should Have Power?," KITeS Working Papers 009, KITeS, Centre for Knowledge, Internationalization and Technology Studies, Universita' Bocconi, Milano, Italy, revised May 2009.
    • Handle: RePEc:cri:cespri:wp236
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    File URL: ftp://ftp.unibocconi.it/pub/RePEc/cri/papers/KitesWP9.pdf
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    Cited by:

    1. David Gaddis Ross, 2018. "Using cooperative game theory to contribute to strategy research," Strategic Management Journal, Wiley Blackwell, vol. 39(11), pages 2859-2876, November.
    2. Panico, Claudio, 2012. "Control and contract design in research collaborations: A complete contract perspective," International Journal of Industrial Organization, Elsevier, vol. 30(5), pages 459-470.
    3. Panico, Claudio, 2011. "On the contractual governance of research collaborations: Allocating control and intellectual property rights in the shadow of potential termination," Research Policy, Elsevier, vol. 40(10), pages 1403-1411.
    4. Raffaele Conti & Alfonso Gambardella & Myriam Mariani, 2014. "Learning to Be Edison: Inventors, Organizations, and Breakthrough Inventions," Organization Science, INFORMS, vol. 25(3), pages 833-849, June.
    5. Boukis, Achilleas & Kabadayi, Sertan, 2020. "A classification of resources for employee-based value creation and a future research agenda," European Management Journal, Elsevier, vol. 38(6), pages 863-873.

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