High wage workers and high wage firms

Article Abstract:

Research was done on a group of high wage workers in France to determine productivity and other affecting factors. Results indicated that workers that are given above-industry wages are more productive than their lower-waged counterparts. Companies that pay high wages to workers are usually productive, though the same can not be said to them in terms of business profits. Though it may be cheaper to hire unskilled workers, many feel that hiring good men for good pay is a welcome investment.

Productivity Improvement, Economic aspects, Wages, Wages and salaries, Labor productivity

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Strategic managerial compensation in Japan: relative performance evaluation and product market collusion

Article Abstract:

The role of industry performance on management-incentive compensation has been studied using data from Corporate Finance Data Bank released by the Japanese Development Bank. Results indicate that management compensation is positively associated with industry. This indicates that strategic group performance evaluation has utility in management compensation. It has also been observed that compensation is higher in highly-competitive rather than in concentrated industries.

Management Compensation, Research, Japan, Compensation and benefits, Compensation management, Executives, Executive compensation

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Mutliproduct firms in the representative consumer model of product differentiation

Article Abstract:

An analysis of a model of product differentiation is presented. The model assumes that agents are free to decide their occupations and allows firms to develop heterogenous products with their selected method of production. It is shown that firms cannot take advantage of the surplus because of imperfect price discrimination conditions. The entry of multiproduct firms separates variety and new entry.

Models, Product differentiation

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