centralized bargaining agreements indeed have economically and statistically significantly larger total factor productivities and … scale elasticities than comparable establishments outside the centralized bargaining regime. …

This paper presents an alternative implementation of firm-level collective wage bargaining, where bargaining proceeds … equilibrium is equivalent to the efficient bargaining outcome. In a dynamic framework with search frictions, we demonstrate that … gradual collective wage bargaining coincides with all-or-nothing bargaining when bargaining takes place in fictitious time …

This paper presents an alternative implementation of firm-level collective wage bargaining, where bargaining proceeds … equilibrium is equivalent to the efficient bargaining outcome. In a dynamic framework with search frictions, we demonstrate that … gradual collective wage bargaining coincides with all-or-nothing bargaining when bargaining takes place in fictitious time …

This paper analyzes the implications of bilateral bargaining over wages and employment between a producer and a union …. Wages and aggregate employment levels are set according to an efficient (Nash) bargaining agreement while the commodity … the total production surplus, efficient bargaining implies no efficiency loss in production. Depending on the level of …