The sale of relational capital through tenure profiles and tournaments [electronic resource] / Paul Frijters
- Bib ID:
- 6100692
- Format:
- Book
- Author:
- Frijters, Paul
- Online Access:
- Archived at ANL
- Related Online Resources:
- Publisher's site
- Description:
- Brisbane, Qld. : School of Economics, University of Queensland, 1998
- Series:
-
- Discussion paper (University of Queensland. School of Economics : Online) ; 443. 1833-1068
- PANDORA electronic collection.
- Technical Details:
-
- Mode of access: Online. Address as at 17/09/2012: http://www.uq.edu.au/economics/443-the-sale-of-relational-capital-through-tenure-profiles-and-tournaments
- System requirements: Adobe Acrobat reader to read PDF file.
- Summary:
-
In this paper, a specific form of human capital is analyzed, relational capital, which consists of matches between market parties. Search and information costs make these matches valuable to both parties. Its peculiarity is that the control over such matches is transferred within firms from those who initially control it to anyone who works with it for a period. This characteristic allows someone who approaches the end of his working life to sell his relational capital to junior partners. This sale can explain upward sloping tenure profiles and can result in tournaments if juniors are budget constrained and perfect contracting is not possible. The need to keep the amount of relational capital constant implies a generation balanced workforce within each firm.
- Notes:
-
- Title from title screen (viewed on Sept. 17, 2012)
- Includes bibliographical references (p. 14-15)
- Text and graphics.
- Selected for archiving
- Subject:
- Other authors/contributors:
- University of Queensland. School of Economics
- Copyright:
-
In Copyright
You may copy under some circumstances, for example you may copy a portion for research or study. Order a copy through Copies Direct to the extent allowed under fair dealing. Contact us for further information about copying.
Copyright status was determined using the following information:
- Material type:
- Literary Dramatic Musical
- Published status:
- Published
- Publication date:
- 1998
Copyright status may not be correct if data in the record is incomplete or inaccurate. Other access conditions may also apply. For more information please see: Copyright in library collections.
Feedback
Similar items
- Heroic virtue [electronic resource] : or, the noble sufferers. Exemplified in the illustrious lives, and surprizing adventures of several noblemen and ladies. (viz.) Don Lopez and Tereza ; the Count de Hautville and Emilia. .. / By the author of ****
- Love upon tick [electronic resource] : or, implicit gallantry. Exemplified, in some merry memoirs of the rise and progress of an extraordinary and occasional amour. .. / By the author of ----
- Heroic virtue: [microform] or, the noble sufferers. Exemplified in the illustrious lives, and surprizing adventures of several noblemen and ladies. (viz.) Don Lopez and Tereza ; the Count de Hautville and Emilia. ... By the author of ****
- Love upon tick [electronic resource]: or, implicit gallantry exemplified, in some merry memoirs of the rise and progress of an extraordinary and occasional amour. ... / By the author of ----
- The rise, progress, and present state, of the dispute between the people of America, and the adminstration. By the Bishop of-[.] [electronic resource]