This paper shows that even in a unionised labour market net and gross profit sharing as well as revenue sharing are isomorphic. Neither the capital stock nor the wage/employment combination depends on the deductibility of base wages and/or capital costs from the share base. (C) 1997 Elsevier Science S.A.
机构:
Univ Bath, Dept Econ, Bath BA2 7AY, England
Vilnius Univ, Fac Econ & Business Adm, Sauletakio Al 9, LT-10222 Vilnius, LithuaniaUniv Bath, Dept Econ, Bath BA2 7AY, England