Collective Acts as Distinguished from Contracts

Collective Agreements : Incentive Contracts

The paper considers collective agreements that are signed by a government agency and an industry which have an energy saving target. The target achievement is observable, but the energy saving actions undertaken by firms in the industry are not. We consider such agreements as firm contracts that depend on whether the industry complies with the target or not. We show that first best regulation c...

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Collective decision-making in social spiders: dragline-mediated amplification process acts as a recruitment mechanism

Amplification mechanisms involved in group cohesion and coordination of several individuals' activities are a major research topic in social arthropod biology. In this paper, we investigate how recruitment processes can be mediated by the use of silk draglines in the case of social spiders. Our intent is to demonstrate how a behavioural feature common to all spider species can induce positive f...

Collective Contracts and Wages in a Multi-Level Model

We utilize German linked employer-employee data for the years 1990, 1995 and 2001 to analyze, which dimensions of wage setting differ across three wage-setting regimes: Establishments applying sectoral collective contracts, establishments with firm-level contracts and uncovered establishments. The empirical analysis is restricted to workers without supervisory functions in larger manufacturing ...

Unobservable contracts as precommitments

It is well known that signing publicly observable contracts with third parties is a means of credibly committing to certain actions and hence may yield strategic advantages. Previous work on the commitment value of unobservable contracts has been limited to normal form games and extensive form games in which only one party has the option to sign a contract. In this paper, we extend the analysis...