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Short-term contracts and exogenous productivity growth are introduced in asimple wage bargaining model. The equilibrium … credible, but neverwhen strike is not credible. In the limit as time between bargaining roundsvanishes only the first paradox …
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In this paper the authors apply global value chain (GVC) analysis to recent trends in the global automotive industry, with special attention paid to government interventions triggered by the recent economic crisis. The authors first highlight some of the defining characteristics of GVCs in this...
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This paper applies global value chain analysis to study recent trends in the global automotive industry. The authors pay special attention to the effects of the recent economic crisis on the industry in developing countries. The principal finding is that the crisis has accelerated pre-crisis...
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