Umi, Mahmudah and L. Muhamad, Safiih (2014) A MODEL FOR DETERMINING AN OPTIMAL LABOR CONTRACT UNDER PROFIT SHARING SYSTEM. Proceeding of International Conference On Research, Implementation And Education Of Mathematics And Sciences 2014. (Submitted)
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Abstract
Profit sharing concept fascinates various points of views, such as decision makers, media, academicians, etc., since remarkable work paper published by Weitzman (1984, 1985). Wage bargaining theory is undoubtedly a vital factor in profit sharing system. This research uses Nash bargaining solution in order to obtain the optimal agreement point over wages and employment. Unfortunately, most of the study done on the same topic assumed that the workers receive share of profit equally. Logically, each of the workers has different qualifications which are affect their productivity. A different assumption of the workers heterogeneity is used in this research in order to reduce the probability of unfairness among the workers because of the equality portion of profit sharing.
| Item Type: | Article |
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| Uncontrolled Keywords: | Labor contract, profit sharing, Nash bargaining |
| Subjects: | Prosiding > ICRIEMS 2014 > MATHEMATICS & MATHEMATICS EDUCATION |
| Divisions: | Fakultas Matematika dan Ilmu Pengetahuan Alam (FMIPA) > Pendidikan Matematika > Matematika |
| Depositing User: | Eprints |
| Date Deposited: | 07 Nov 2014 04:28 |
| Last Modified: | 07 Nov 2014 04:28 |
| URI: | http://eprints.uny.ac.id/id/eprint/11512 |
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