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Comment on H. G. Monissen and E. Wenger: “Specific Human Capital and Collective Codetermination Rights”

  • Louis De Alessi
Conference paper

Abstract

If employees undertake firm-specific investments, whether in their own human capital or in other assets, then they have a stake in the performance of the firm. This possiblity has been interpreted by some observers, including a number of economists, politicians, and labor leaders, as providing an explanation as well as a theoretical justification for the German system of codetermination.

Keywords

Future Return Transfer Price Employment Contract Theoretical Justification Specific Investment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 1987

Authors and Affiliations

  • Louis De Alessi

There are no affiliations available

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