Weitzman, Martin L. The Share Economy: Conquering Stagflation. Cambridge, Massachusetts: Harvard University Press, 1984.
Weitzman's well-known work sought to address the problem of stagflation in the U.S. by encouraging policies favoring cash profit-sharing practices similar to those in Japan. In theory, cash profit-sharing should reduce earnings variability for the firm by increasing the ratio of variable to fixed costs. This, in turn, could result in a lower cost of equity capital for the firm. Many studies respond to Weitzman, but few directly address the microeconomic impact of cash profit-sharing, mainly because of the scarcity of data.