Erkki Kivinen 1903—1985

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چکیده

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We analyze the impact of entrepreneurship as an outside option on compensation contracts between a principal and an agent with bargaining power. In the first stage the parties bargain over the base wage and the profit share. In the second stage the principal determines the capital investment and the agent decides on effort. It is shown that while negotiated base wage increases in the degree of ...

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A machine tool utilisation rate can be improved by an advanced condition monitoring system using modern sensor and signal processing techniques. A drilling test and analysis program for indirect tool wear measurement forms the basis of this thesis. For monitoring the drill wear a number of monitoring methods such as vibration, acoustic emission, sound, spindle power and axial force were tested....

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Erkki Koskela * - Rune Stenbacka * * PROFIT SHARING , CREDIT MARKET IMPERFECTIONS AND EQUILIBRIUM UNEMPLOYMENT

We investigate the interaction between labour and credit market imperfections for equilibrium unemployment in the presence of profit sharing. Our analysis highlights the critical role of the outside option available of employees for the evaluation of the employment implications of intensified credit market competition. In a partial equilibrium with exogenous outside options increased bargaining...

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ژورنال

عنوان ژورنال: Agricultural and Food Science

سال: 1985

ISSN: 1795-1895,1459-6067

DOI: 10.23986/afsci.72202