Title: Property Rights of Firm and Fair Income Distribution
Abstract:It should be realized the unification of fairness and efficiency during the first distribution.Along with the growth of the firm,human capital property rights and work property rights has come into be...It should be realized the unification of fairness and efficiency during the first distribution.Along with the growth of the firm,human capital property rights and work property rights has come into being.In a dynamic system of learning by doing,negotiating between every property rights body gives rise to gradual adjustment of proportion in participating in firm's cooperate surplus,which represents fairness of the first distribution.The efficiency of the first distribution mainly exhibits higher wages leading to harder working.The conclusion of the theoretical model is that joint property rights institution is a firm institution which makes fairness and efficiency unified in the first distribution,which is also the microcosmic basis of achieving fair distribution.Read More
Publication Year: 2009
Publication Date: 2009-01-01
Language: en
Type: article
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