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Strike outcomes and wage settlements in Spain

Jiménez-Martín, Sergi - Department of Economics and Business, Universitat … - 2004

determination of wage and strike outcomes in a dynamic framework and the possibility of segregate wage equation for strike and non-strike … outcomes. Conditional to strikes taking place, we confirm a negative relationship between strike duration and wage changes in a … dynamic context. Furthermore, we find selection in wage equations induced by the strike outcome. In this sense, the …

Persistent link: https://www.econbiz.de/10005772201

Ex post bargaining, labor coordination and wage formation at the firm level

Rodríguez, Diego - Department of Economics and Business, Universitat … - 1998

We lay out a model of wage bargaining with two leading features: bargaining is ex post to relevant investments and there is individual bargaining in firms without a Union. We compare individual ex post bargaining to coordinated ex post bargaining and we analyze the effects on wage formation. As...

Persistent link: https://www.econbiz.de/10005772329

Responsibility-allevation and effort provision in a gift-exchange experiment

Charness, Gary - Department of Economics and Business, Universitat … - 1998

Previous indirect evidence suggests that impulses towards pro-social behavior are diminished when an external authority is responsible for an outcome. The responsibility-alleviation effect states that a shift of responsibility to an external authority dampens internal impulses toward honesty,...

Persistent link: https://www.econbiz.de/10005772491

Bargaining efficiency and screening: An experimental investigation

Charness, Gary - Department of Economics and Business, Universitat … - 1998

This paper investigates whether information about fairness types can be useful in lowering dispute costs and enhancing bargaining efficiency. An experiment was conducted in which subjects were first screened using a dictator game, with the allocations chosen used to separate participants into...

Persistent link: https://www.econbiz.de/10005572583

Toward a theory of labor market institutions

Paul, Gilles Saint - Department of Economics and Business, Universitat … - 1999

Standard economic analysis holds that labor market rigidities are harmful for job creation and typically increase unemployment. But many orthodox reforms of the labor market have proved difficult to implement because of political opposition. For these reasons it is important to explain why we...

Persistent link: https://www.econbiz.de/10005772279

The political cost of reforms

Bonfiglioli, Alessandra; Gancia, Gino - Department of Economics and Business, Universitat … - 2010

This paper formalizes in a fully-rational model the popular idea that politicians perceive an electoral cost in adopting costly reforms with future benefits and reconciles it with the evidence that reformist governments are not punished by voters. To do so, it proposes a model of elections where...

Persistent link: https://www.econbiz.de/10008756408

Two-sided learning in New Keynesian models: Dynamics, (lack of) convergence and the value of information

Matthes, Christian; Rondina, Francesca - Department of Economics and Business, Universitat … - 2012

This paper investigates the role of learning by private agents and the central bank (two-sided learning) in a New Keynesian framework in which both sides of the economy have asymmetric and imperfect knowledge about the true data generating process. We assume that all agents employ the data that...

Persistent link: https://www.econbiz.de/10010896610

Merger failures

Banal-Estañol, Albert; Seldeslachts, Jo - Department of Economics and Business, Universitat … - 2009

This paper proposes an explanation as to why some mergers fail, based on the interaction between the pre- and post-merger processes. We argue that failure may stem from informational asymmetries arising from the pre-merger period, and problems of cooperation and coordination within recently...

Persistent link: https://www.econbiz.de/10008550020

Reputation and honesty in a market for information

Charness, Gary; Garoupa, Nuno - Department of Economics and Business, Universitat … - 1998

Previous works on asymmetric information in asset markets tend to focus on the potential gains in the asset market itself. We focus on the market for information and conduct an experimental study to explore, in a game of finite but uncertain duration, whether reputation can be an effective...

Persistent link: https://www.econbiz.de/10005772009

Full insurance, asymmetric information and genetic testing

Penalva, José - Department of Economics and Business, Universitat … - 2000

This paper extends previous resuls on optimal insurance trading in the presence of a stock market that allows continuous asset trading and substantial personal heterogeneity, and applies those results in a context of asymmetric information with references to the role of genetic testing in...

Persistent link: https://www.econbiz.de/10005772099