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 … of the system. In fact, while an increase in the bargaining power of unions reduces the scope for local indeterminacy …

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 …

Trade unions distort a profit-maximising firm's input choice. The nature of the resulting inefficiency depends on … whether there are wage negotiations or there is efficient bargaining. Moreover, trade unions redistribute income and thereby …-enhancing role of trade unions more likely in the presence of wage negotiations. The reverse is true in case of efficient bargaining. …