The author develops an extension of the Ashenfelter-Johnson model of union wage bargaining to account for how diversification can improve a firm's ability to take strikes and therefore reduce wage settlements. To test the model, a wage equation is derived that is conditioned on the occurrence of...

In this paper we propose a model that explains how cooperation can emerge spontaneously between firms in a highly competitive market environment. The basic idea is that the more competitive is the market, the less costly it is for firms to help each other like good neighbors. Cooperation takes...

Recent evidence indicates that dual-earner families are increasing and that spouses' roles may be changing. In light of these changes, this study asks the following question: how might career hierarchy in the family, that is, one spouse's job or career taking precedence over the other's, affect...