Bárcena-Ruiz, Juan Carlos; Campo, María Luz - In: Estudios de Economía 37 (2010) 1, pp. 27-42
This paper analyzes wage negotiation between firms and unions when crossparticipation exists at ownership level. We … shareholder. Labor is unionized and the firms produce substitute products. We show that partial ownership increases the bargaining … firm. Compared with the case in which each firm is owned by a single shareholder, partial ownership reduces the wage paid …