Efficiency wages and union-firm bargaining with private information

We consider efficiency wage effects in a union-firm bargaining model with private information. We show that an increase in the efficiency wage effects does not necessarily increase the wage level at equilibrium, even when the wage bargaining with private information is close to one with complete information. However, if it is commonly known that the firm is stronger than the union and the demand is sufficiently elastic, then an increase in the efficiency wage effects increases for sure the wage at equilibrium.JEL Classification: J41, J50, J52We thank Juan Dolado and two anonymous referees for valuable comments. Vincent Vannetelbosch is Chercheur Qualifié at the Fonds National de la Recherche Scientifique. The research of Ana Mauleon has been made possible by a fellowship of the Fonds Européen du Développement Economique Régional (FEDER). Financial support from the Belgian French Communitys program Action de Recherches Concertée 99/04-235 (IRES, Université catholique de Louvain) is gratefully acknowledged.     

民营经济发展中的深层阻滞因素辨析

民营经济的快速发展已经像其成为中国经济增长的重要引擎。但从运行层面看,民营经济仍然面对各种体制与非体制、人为和非人为的制约因素。目前民营企业普遍反映影响其可能持续发展的主要因素集中在政府政策、融资及资金、人才、创新与技术进步以及管理问题等方面。     

Researching Preferences,Valuation and Hypothetical Bias

A number of recent papers in environmental economics have focused on the process of researching preferences – agents are uncertain about preferences but with effort may narrow their uncertainty. This issue has arisen in formulating bids in contingent valuation (CV) as well as the debate over the divergence between WTP and WTA. In the context of CV, it has been suggested that the hypothetical nature of the preference elicitation process biases responses. This paper provides both a theoretical model and experimental evidence to contribute to this debate. The model is a model of competitive bidding for a private good with two components that are particularly relevant to the debate. The first component is that bidders are unsure of their own value for the private good but may purchase information about their own value (researching preferences). The second component is that there is a probability that the auction is hypothetical – that the winning bidder will not get the private good and will not pay the winning bid. The experiment tests this theoretical model of bidding equilibrium and analyzes the effects of variations in the parameters (hypotheticalness, information costs and number of agents) on the endogenous variables (such as the proportion of bidders who become informed and the winning bid). Experimental results suggest that an increase in the hypotheticalness of an auction tends to decrease the likelihood that bidders pay for information on their valuation with an ambiguous effect on the winning bid.      

Does the Company Lawyer Have Your Back? A Brief Look at the Need for Personal Private Liability Insurance

There are four traditional uses of private personal liability insurance dating from the 1970s to the present (Hayes 1979; Sommers 2005) which pertain either to individuals or corporations. There is insurance to cover damage to rental cars, umbrella insurance to cover any injury to a guest at one’s home, insurance bought by corporations to cover potential corporate responsibility for actions of company representatives and insurance including misadventures with financial information and morally hazardous behavior as well as corporate required actions which are later deemed to be wrong or inappropriate. Employees need to find out if the employee manual provides for coverage for legal liabilities resulting out of performing job responsibilities. Due to a need to reduce company costs, many companies are reducing or eliminating coverage for employees for many types of actions. Private personal liability insurance gives you the peace of mind to know what you are covered for and for how long. Employee rights versus corporate budgets are at the core of this discussion.     

对宪法保护私有财产权的法学思考

党的十六大提出,"完善保护私有财产的法律制度".宪法是国家的根本大法,私有财产权是公民的基本权利.2004年3月14日,第十届全国人民代表大会第二次会议审议通过的<中华人民共和国宪法(修正案)>,第一次从宪法的高度,对保护私有财产权作了明确规定.本文从法学的角度,对宪法保护私有财产权上存在的问题、此次修宪的主要内容和重大意义进行了深入论述,认为将保护合法的私有财产权不受侵犯写进宪法,这是历史的进步.同时,提出建立违宪审查制度、宪法诉讼制度、正当程序制度和平等保护制度的建议,认为立法的目的在于实施,要使私有财产权从宪法上的权利变成现实的权利,理论上需要深入细致的研究,实践中需要开拓创新的探索.     

法人控股型公司是民营上市公司成长中的绩优选择

民营经济对国民经济的贡献已超过了国有经济部门 ,民营上市公司则是民营经济发展中的优秀代表 ,民营上市公司的发展方向 ,对民营非上市公司结构优化有着极强的示范效应。本文以民营上市公司为例 ,通过因子分析法 ,计算出民营样本公司业绩综合得分 ,并在此基础上对样本公司绩效与股权结构进行相关关系和回归分析。实证结果表明 ,民营上市公司绩效与股权结构中法人股比重表现为正相关关系并且呈现正U型特征 ,法人控股型的股份公司是民营经济成长中的绩优选择     

风险投资中对企业家激励模型的研究

风险投资体系中,风险资本家与风险企业家之间形成委托代理关系。风险企业家掌握着关键技术和风险企业的日常经营决策权,在风险投资过程有中举足轻重的作用。本文在委托代理模型的基础上探讨了对风险企业家的激励机制设计模型,研究了如何更好地激励企业家的积极性以降低代理风险,为风险投资业的发展提供了有益的启示。     

零售商自有品牌化趋势及对策研究

品牌是企业形象的象征,也是企业巨大的无形资产。目前国际零售商自有品牌在企业经营发展中担当着越来越重要的角色,并且已经成为赢得市场的利剑。我国零售业面对激烈的国际竞争,在自有品牌的开发与经营中不断尝试和探索。本文就零售商自有品牌化的发展趋势提出了发展自有品牌战略的对策,以供我国零售业发展自有品牌参考。     

关于基本经济制度的三点探索

党的十六大重申社会主义初级阶段的基本经济制度,不仅再次肯定公有制为主体,并且把多种所有制经济包括私营经济也纳入,是对传统理论的一大突破。这是从现阶段的实际出发,有着多样的现实条件。强调两个"毫不动摇",澄清了不同看法,其结果很可能形成混合经济居大的格局:宏观上是多种所有制经济并存,微观上是产权多元化的股份制公司为典型。坚持和完善基本经济制度,有一系列的对策,除深化国有、集体企业改革和鼓励、支持、引导非公有制经济发展外,令人想起毛泽东曾经讲过的四句话:"公私兼顾、劳资两利、城乡互助、内外交流"。     

教育产业及其发展的公共经济学分析

本文从公共经济学的视角探讨了我国教育产业及其发展的相关问题。首先，明确提出现代教育产业是一种混合产业，兼有公共经济与民间经济双重性质，中国现阶段必须将教育当做混合产业来发展，才有利于“科教兴国”战略的实施。其次，在明确现阶段应当以混合产业方式发展中国教育事业的基础上提出了我国应制定和实施的教育投入和管理的政策。