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We analyse the implications of unions (efficient bargaining) for multiplicity of stationary states and welfare, local … external increasing returns to scale, where capital is the unique asset. We find that a slight increase in unions power may … of the system. In fact, while an increase in the bargaining power of unions reduces the scope for local indeterminacy …
We analyse the implications of unions (efficient bargaining) for multiplicity of stationary states and welfare, local … external increasing returns to scale, where capital is the unique asset. We find that a slight increase in unions power may … deterministic endogenous fluctuations. However, we find that union’s bargaining power can dramatically influence the local stability …
We discuss the effects of unions in the labour market on steady-state multiplicity and welfare, and on the occurrence …-Douglas technology, unions increase steady state employment and welfare, and local indeterminacy (sunspots) emerges. Our results show … that the role of unions in shaping local dynamics depends on technology (externalities and factor's substitutability …
We analyse the implications of unions (efficient bargaining) for multiplicity of stationary states and welfare, local … external increasing returns to scale, where capital is the unique asset. We find that a slight increase in unions power may … of the system. In fact, while an increase in the bargaining power of unions reduces the scope for local indeterminacy …
We introduce labour market imperfections (i.e. unions and the existence of a wage floor) in a finance … decreases with union power. We also find that unions increase simultaneously steady-state employment, capital accumulation and …
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...
behaviour of trade unions? To approach these questions theoretical as well as empirical methods were used. The empirical methods …
This paper investigates the patterns of bargaining in multinational enterprises (MNEs) in the presence of labor unions … unions’ per member transaction costs may attenuate the conflict of interests between bargaining parties as regards the …
This paper investigates the coordination of bargaining activities among labor unions in a Multinational Enterprise (MNE … substitutes in production and symmetry in the plants' efficiency, it is shown that unions' transaction costs may attenuate the …
overstate distortions caused by unions only holds in the special case of firm-level wage setting. If, however, the union is big …'s time preference whether static frameworks overrate or even underrate unions' distortions. …