This short paper combines three of the main theories of the labour market (the shirking, turnover cost and union-firm bargaining models) in an integrated framework to highlight the consequences of their interactions for the determination of the wage and the firm's labour demand. We show that...

This short paper combines three of the main theories of the labour market (the shirking, turnover cost and union-firm bargaining models) in an integrated framework to highlight the consequences of their interactions for the determination of the wage and the firm's labour demand. We show that...

We consider a vertical structure in which an upstream manufacturer bargains with a downstream retailer over the price of an intermediate good. In an alternating offers framework, we show that when the managers of the firms can choose their response time in the negotiation that the solution...