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Existing work on wage bargaining (as exemplified by Cukierman and Lippi, 2001) typicallypredicts more aggressive wage setting under monetary union. This insight has not beenconfirmed by the EMU experience, which has been characterised by wage moderation,thereby eliciting criticism from Posen and...
Persistent link: https://www.econbiz.de/10005866574
We show the incentive for divisionalization by a monopolist producer. Incontrast to the previous literature, where divisionalization occurs for product marketadvantage, we show that divisionalization occurs if it provides strategic advantage inthe labor market. With unionized labor market, we...
Persistent link: https://www.econbiz.de/10005868662
Vorliegendes Arbeitspapier stellt das angelsächsische Board-Modell am Beispiel Großbritannien vor.
Persistent link: https://www.econbiz.de/10005846199