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This paper investigates the bargaining agenda selection in a unionised monopoly with network effects. In contrast with the established result that monopolist always prefers Right-To-Manage (RTM), it is shown that monopolist prefers Sequential Efficient Bargaining (SEB), provided that the network...
Persistent link: https://www.econbiz.de/10011272016
In a unionised Cournot duopoly, the present paper extensively re-examines the subject of the bargaining scope between firms and unions. It investigates the endogenous equilibrium agenda (Right-to-Manage vs Efficient Bargaining) that can arise under three timing specification of the bargaining...
Persistent link: https://www.econbiz.de/10011272022
The present paper investigates the determination of the bargaining agenda in a unionised monopoly with managerial delegation, without and with network effects in consumption. First, we show that, in contrast with the received literature, monopolist hires a manager even in the absence of...
Persistent link: https://www.econbiz.de/10011272703
This paper analyses the choice of the bargaining agenda in a public/private unionised monopoly. Both the public and private monopolist always prefers the Right-To-Manage (RTM) to the Efficient Bargaining (EB) agenda. Private monopoly is socially preferred to the public one and conflict of...
Persistent link: https://www.econbiz.de/10011274905