Buhai, Sebastian; Portela, Miguel; Teulings, Coen N.; … - 2008
consider the effects of Employment Protection Legislation and risk aversion. -- Irreversible investment ; efficient bargaining … Protection
Legislation and risk aversion.
JEL Classification: J31, J41, J63
Keywords: irreversible investment … extensions, risk aversion and �ring cost, it
makes sense to consider the nature of workers�bargaining power. Most economists …