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This paper investigates the patterns of bargaining in multinational enterprises (MNEs) in the presence of labor unions … coordination activities. It derives the bargaining regimes which arise as sub-game perfect equilibria, and considers both … unions’ per member transaction costs may attenuate the conflict of interests between bargaining parties as regards the …
Persistent link: https://www.econbiz.de/10010223425
This paper analyzes the implications of right-to-manage wage bargaining between a producers' syndicate and a workers … activity. At given prices and price expectations, nominal wages are set according to a Nash bargaining agreement. Producers …, including a variety of different qualitative features compared to the situation under efficient bargaining. These differences …
Persistent link: https://www.econbiz.de/10010239909
Persistent link: https://www.econbiz.de/10009767003
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. However, due to the price …
Persistent link: https://www.econbiz.de/10010340560
Strikes, just as other types of conflict, used to be difficult to explain from an economic perspective. Initially, it was thought that they were a result of mistakes or irrationality. Then, during the 1980s an explosion of research brought asymmetric information to prominence as a significant...
Persistent link: https://www.econbiz.de/10012299563
union. Applying the (asymmetric) Nash bargaining solution, we find that under reasonable conditions, it is beneficial for at …
Persistent link: https://www.econbiz.de/10013316470
The game-strategic foundation of the Nash bargaining solution by a Rubinstein (1982) alternating-offers game shows that … in wage bargaining models the threat point should be the inside, instead of the outside, option. So far, this insight has … wage bargaining models. The solution to the dynamic bargaining system resulting from the endogeneity of inside options can …
Persistent link: https://www.econbiz.de/10014054839
To avoid strikes and curb labour militancy, some governments have introduced legislation stating that union leadership as well as wage offers should be decided through union-wide ballots. This paper shows that members still have incentives to appoint militant union leaders, if these leaders have...
Persistent link: https://www.econbiz.de/10014029334
union. Applying the (asymmetric) Nash bargaining solution, we find that under reasonable conditions, it is beneficial for at … tariff unions. -- Trade-union formation ; wage-employment bargains ; Nash bargaining solution ; industry and professional …
Persistent link: https://www.econbiz.de/10003763197
Persistent link: https://www.econbiz.de/10011377473