Template-type: ReDif-Paper 1.0 Author-Name: Backhaus Jürgen G. Author-workplace-name: METEOR Title: Co-Determination in Germany: 1949-1979 and There Beyond: Bonding or Compulsion? Abstract: Co-determination refers to a set of rules and institutions which form an interlocking system and as such provide the unique structure of German corporate governance. This essay deals with the reasons responsible for bringing the structure about. In particular, the decision making process leading up to co-determination is carefully analyzed in terms of deciding the question, whether the participants were engaged in rent-seeking or in efficient legislation. Key words: co-determination, decisions under uncertainty, strategic legislative choice, human capital accumulation, joint stock companies, demountation, performance of institutions Keywords: industrial organization ; Series: Research Memoranda Creation-Date: 1997 Number: 011 File-URL: http://digitalarchive.maastrichtuniversity.nl/fedora/objects/guid:90ed2b2e-375e-474b-8eaf-1cbbbd8a0281/datastreams/ASSET1/content File-Format: application/pdf File-Size: 99844 Handle: RePEc:unm:umamet:1997011