This paper investigates if, and how, aternative bargaining agentas may sustain (or, emerge) endogenously, under conditions of centralized wage bargaining, in industries with market power. The wage & employment bargains agenta ("Efficient Bargains") is shown to be a strategic device to induce...

This paper analyses the optimal behaviour of a trade union trying to extract capital rents. It shows that wages can increase or decrease with accumulated investment depending on technology and outside income opportunities.

This paper investigates whether compliance with sectoral wages, or "underground" wages (i.e. equilibrium wages lower than the, officially minimum, sectoral ones), may emerge endogenously in industries with market power. Wage bargaining is centralized and it is conducted by large-scale efficient...