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, but the lower the firm's incentive to invest. Under the threat of a takeover reducing their expected wages, the workers …
Persistent link: https://www.econbiz.de/10005656178
Two groups of voters of known sizes disagree over a single binary decision to be taken by simple majority. Individuals have different, privately observed intensities of preferences and before voting can buy or sell votes among themselves for money. We study the implication of such trading for...
Persistent link: https://www.econbiz.de/10011084134
This paper uses establishment level data from the British Workplace Industrial Relations Survey (WIRS) to examine the effects of new technology on pay. The wage differential associated with new technology is about 5-7% and is (i) robust to corrections for skill, workplace disamenities, and...
Persistent link: https://www.econbiz.de/10005067373
strategic interactions among firms are explicitly recognized. Our main aim is to investigate how equilibrium wages and …
Persistent link: https://www.econbiz.de/10005656145