Employee versus conventionally-owned and controlled firms: an experimental analysis

Article Abstract:

A study was conducted to characterize experimental techniques to evaluate hypotheses about the influence of employee ownership on economic, social, and psychological outcomes. Results showed that participants in employee-owned companies had higher productivity and a better perception on the fairness in the pay they received. The subjects also supported higher levels of involvement in their job responsibilities. In addition the participants had a greater drive to help their colleagues that those in conventionally-owned firms.

Psychological aspects, Research, Employee ownership, Job satisfaction, Industrial productivity, Workers

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Negligence versus strict liability in a principal-agent model

Article Abstract:

Moral hazard problems may arise in liability cases when an employer has not observed an employee do hazardous work that has injured a third party. This has implications for the due care standards that may apply in the employer's case. In a principal-agent model, it is revealed that the choice of liability rules affects the motivation of the employee to use caution. Under strict liability rules, the employee is seen to be less careful. The negligence liability rule can be enforced by inclusion in a employees's contract.

Regulation misc. commercial sectors, Analysis, Laws, regulations and rules, Employer liability, Negligence, Hazardous occupations

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Dubai: carrier liability

Article Abstract:

The Dubai Court of Cassation has reversed a decision made by the Court of Appeal which dismisses a case of a carrier who delivered damaged goods to its final destination. The carrier believes that case should be dismissed because Dubai courts have no jurisdiction to hear the case. The Court of Cassation believes that the Court of Appeal failed to consider documentation which shows that the cargo was discharged in Dubai, United Arab Emirates.

Freight Transportation, Cases, Freight transportation industry, Fraud, Delivery of goods, Deliveries (Transportation)

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