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This paper studies the Rawlsian first-best allocation in a monocentric city model using a unifying framework of land ownership. We show that a Rawlsian planner would not choose the market outcome, except for the extreme case of public land ownership in which all the differential rent is...
Persistent link: https://www.econbiz.de/10013221126
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. …
Persistent link: https://www.econbiz.de/10012312884
Trade unions distort a profit-maximising firm's input choice. The nature of the resulting inefficiency depends on … whether there is wage or efficient bargaining. Moreover, trade unions redistribute income and thereby affect welfare. If firms …. Importantly from a normative vantage point, such CSR objectives make a welfare-enhancing role of trade unions more likely in the …
Persistent link: https://www.econbiz.de/10012436160
If a profit-maximising firm credibly commits to an employment-enhancing Corporate Social Responsibility (CSR) objective in negotiations with a trade union, the union can reduce its wage demands. Lower wages, ceteris paribus, raise profits, while the increase in employment enhances the payoff of...
Persistent link: https://www.econbiz.de/10014505808
This paper shows that with a strong labour union, bargaining over piece rate generates higher social welfare than bargaining over fixed wage. Moreover, this social welfare exceeds the social welfare under efficient bargaining level, if the union is very strong
Persistent link: https://www.econbiz.de/10014063276
This paper sets up a general oligopolistic equilibrium model with unionized labor markets. By accounting for productivity differences, the model features profit and wage differentials across industries. We use this setting to study the impact of trade liberalization on employment, welfare, and...
Persistent link: https://www.econbiz.de/10003935376
This paper sets up a general oligopolistic equilibrium model with unionized labor markets. By accounting for productivity differences, the model features profit and wage differentials across industries. We use this setting to study the impact of trade liberalization on employment, welfare, and...
Persistent link: https://www.econbiz.de/10003923568
This paper sets up a general oligopolistic equilibrium model with unionized labor markets. By accounting for productivity differences, the model features profit and wage differentials across industries. We use this setting to study the impact of trade liberalization on employment, welfare, and...
Persistent link: https://www.econbiz.de/10013149008
endogenous choices by firms of the quality level of their products: especially when unionization is decentralized and unions have …
Persistent link: https://www.econbiz.de/10014464640
This paper analyses the effects of a pension system privatization in a unionized economy. Using an overlapping-generations framework we show that in an environment characterized by unemployment, a reform towards a private pension system in the steady state may result in lower levels of...
Persistent link: https://www.econbiz.de/10010261116