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Unions and investment in intangible capital : when workers and firms cannot commit to long-term contracts and capital investments are sunk, union power can reduce investment
Sulis, Giovanni - 2015
extensive, especially in non-Anglo-Saxon countries. Strong unions may influence firms' incentives to invest in capital …, particularly in sectors where capital investments are sunk (irreversible), as in research-intensive sectors. Whether unions affect … firms' investment in capital depends on the structure and coordination of bargaining, the preference of unions between wages …
Persistent link: https://www.econbiz.de/10011433667
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Unions, two-tier bargaining and physical capital investment : theory and firm-level evidence from Italy
Cardullo, Gabriele; Conti, Maurizio; Sulis, Giovanni - 2018
In this paper we present a search and matching model in which firms invest in sunk capital equipment. By comparing two wage setting scenarios, we show that a two-tier bargaining scheme, where a fraction of the salary is negotiated at firm level, raises the amount of investment per worker in the...
Persistent link: https://www.econbiz.de/10011951741
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Wage bargaining and capital accumulation : a dynamic version of the monopoly union model
Guerrazzi, Marco - 2024
In this paper, I explore the relationship between wage bargaining and capital accumulation by developing a differential game in which a monopolistic union sets the wage of its members by taking as given the optimal employment strategy of a representative firm and the way in which capital is...
Persistent link: https://www.econbiz.de/10015159183
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Unions and investment in intangible capital : when workers and firms cannot commit to long-term contracts and capital investments are sunk, union power can reduce investment
Cardullo, Gabriele; Sulis, Giovanni - 2023
extensive, especially in non-Anglo-Saxon countries. Strong unions may influence firms' incentives to invest in capital …, particularly in sectors where capital investments are sunk (irreversible), as in research-intensive sectors. Whether unions affect … firms' investment in capital depends on the structure and coordination of bargaining, the preference of unions between wages …
Persistent link: https://www.econbiz.de/10014290557
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A model of unions, two-tier bargaining and capital investment
Cardullo, Gabriele; Conti, Maurizio; Sulis, Giovanni - In: Labour economics : official journal of the European … 67 (2020)
Persistent link: https://www.econbiz.de/10012520794
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Unions, Two-Tier Bargaining and Physical Capital Investment : Theory and Firm-Level Evidence from Italy
Cardullo, Gabriele - 2018
In this paper we present a search and matching model in which firms invest in sunk capital equipment. By comparing two wage setting scenarios, we show that a two-tier bargaining scheme, where a fraction of the salary is negotiated at firm level, raises the amount of investment per worker in the...
Persistent link: https://www.econbiz.de/10012906465
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Stability and Dynamics in an Overlapping Generations Economy with Flexible Wage Negotiations
Koskela, Erkki; Puhakka, Mikko - 2021
We analyze the stability and dynamics of an overlapping generations model with imperfectly competitive labour markets. By focusing on the right-to-manage wage bargaining we assume that wage is negotiated after the capital stock decision. With Cobb-Douglas utility and production functions the...
Persistent link: https://www.econbiz.de/10013325204
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Stability and dynamics in an overlapping generations economy with flexible wage negotiations
Koskela, Erkki (contributor); Puhakka, Mikko (contributor) - 2007
We analyze the stability and dynamics of an overlapping generations model with imperfectly competitive labour markets. By focusing on the right-to-manage wage bargaining we assume that wage is negotiated after the capital stock decision. With Cobb-Douglas utility and production functions the...
Persistent link: https://www.econbiz.de/10003656886
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Optimal factor taxation under wage bargaining : a dynamic perspective
Koskela, Erkki; Thadden, Leopold von - 2003
We consider the issue of steady-state optimal factor taxation in a Ramsey-type dynamic general equilibrium setting with two distinct distortions: i) taxes on capital and labour are the only available tax instruments for raising revenues, and ii) labour markets are subject to a static...
Persistent link: https://www.econbiz.de/10011514112
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Stability and Dynamics in an Overlapping Generations Economy Under Flexible Wage Negotiation and Capital Accumulation
Koskela, Erkki; Puhakka, Mikko - 2021
We analyze the stability and dynamics of an overlapping generations model under imperfectly competitive labour markets without population growth and with perfect foresight. Under right-to-manage wage bargaining we assume that wage is negotiated after the decision on the capital stock. With...
Persistent link: https://www.econbiz.de/10013317344