Koskela, Erkki; Stenbacka, Rune - In: Labour Economics 19 (2012) 3, pp. 291-297
profit sharing. We show that intensified product market competition reduces equilibrium unemployment in a strictly monotonic … way when the trade union's bargaining power exceeds the profit share. If the profit share exceeds the trade union … above (below) which intensified product market competition increases (decreases) equilibrium unemployment. The profit share …