Gainsharing at Owens Corning Building Products
The gain sharing scheme implemented at insulation manufacturer Owens Corning Building Products' UK plant typifies the pros and cons of this compensation method. Gain sharing allows employees to share in improved company performance, productivity, and efficiency through an agreed-upon bonus formula. Owens Corning's experience has been that gain sharing improves teamwork but has not had a major impact on overall performance. This type of scheme requires careful planning. Owens Corning's initial formula was flawed and had to replaced with a sliding-scale trigger.
Publication Name: Pay and Benefits Bulletin
Why are some products branded and others not?
Results of an empirical study of differences in price, service and quality at branded and unbranded service stations are consistent with consumer information theory. Consumer information theory predicts that branding of products will arise when quality matters and when the search for quality would be relatively costly to the consumer. Gasoline is a product that consumers cannot immediately determine the quality of. The higher prices at branded stations would appear to reflect a consumer preference for a product with some assertions of quality.
Publication Name: Journal of Law and Economics
Some realism about economic power in a time of sectorial change
Public policy and the public interest have separated with the 1990s antitrust treatment of large corporations. The microeconomic approach to antitrust regulation does not recognize the realities of power exerted by companies due to their size alone. Public and business recognition of this fact is evidenced by the concern over telecommunications mergers and mergers created by enormous entities such as Microsoft.
Publication Name: Antitrust Law Journal
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