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The development of the market of a product needs a wide knowledge of consumption and marketing practices relevant. This … measure tools. The marketing chain is simple and in favor of a vertical organisation. Nevertheless, the lack of producers and …
Persistent link: https://www.econbiz.de/10011258930
In this paper we conduct a theoretical analysis of the implications of a union which can exploit the existence of firm labour adjustment costs. We consider a model involving a large number of identical firms facing a single, economy-wide union. We solve (i) for the Markov perfect equilibria with...
Persistent link: https://www.econbiz.de/10005763462
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 … deterministic endogenous fluctuations. However, we find that union’s bargaining power can dramatically influence the local stability …
Persistent link: https://www.econbiz.de/10005761682
participate in the labour market both when young and old. Each generation of workers is represented by its own union. Unions set … increase both youth and old age unemployment. This happens because unions react strategically, and respond to higher firing …
Persistent link: https://www.econbiz.de/10005762245