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This paper explores the prisoner’s dilemma that may result when workers and firms are involved in labour disputes and must decide whether to hire a lawyer to be represented at trial. Using a representative data set of labour disputes in the UK and a large population of French unfair dismissal...
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The "joint costs" model states that the incentive to strike is inversely related to the total costs associated with … workers' and firms' strike activities. Not only has this model been tested with mixed results, but also the joint costs model … is problematic in explaining several stylized facts in the strike literature because higher strike costs do not always …
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This essay borrows heavily from the fields of game theory, baseball business strategy and neuropsychology. Knitting these together, the author advocates that mediators become inciters and advocates for an outcome that solves problems, irrespective of the amount in controversy and the initial gap...
Persistent link: https://www.econbiz.de/10014182916
This paper creates a game theoretic model to determine how pendulum arbitration or baseball arbitration impacts the incentives of litigants. Pendulum arbitration is when both parties submit competing proposals and the arbitrator chooses only one of the bids, in its entirety, to be binding on...
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In the context of international bargaining, standard models predict that a shift in military power can cause preventive war because it changes the relative bargaining position between states. We find that shifts in military power are not the only cause of war under commitment problems and that...
Persistent link: https://www.econbiz.de/10014160801
This study proposes a non-cooperative coalitional bargaining game model to analyse wage negotiations between one employer and two workers. Here, randomly selected workers choose whether to negotiate their wage contracts together or separately, considering wage contract externalities. We show...
Persistent link: https://www.econbiz.de/10012996131