Although coverage of collective bargaining agreements has been declining for decades in most countries, it is still … firms' investment in capital depends on the structure and coordination of bargaining, the preference of unions between wages …

Despite declining bargaining power, unions continue to generate a wage premium. Some feel collective bargaining has had … its day. Politicians on both sides of the Atlantic have recently called for the removal of bargaining rights from workers … productivity growth. If this is where the premium originates, then firms and workers benefit. Without unions bargaining …

that unions were engaged in concession bargaining. Overall, our results challenge the common view that trade unions in the …

This paper presents an alternative implementation of firm-level collective wage bargaining, where bargaining proceeds … equilibrium is equivalent to the efficient bargaining outcome. In a dynamic framework with search frictions, we demonstrate that … gradual collective wage bargaining coincides with all-or-nothing bargaining when bargaining takes place in fictitious time …

and the level at which collective bargaining is conducted. Attention is also paid to the quality of industrial relations …. There is also some indication that collective bargaining at levels higher than the company can exacerbate strike activity … but this effect does not persist, possibly because of decentralization and the development of hybrid bargaining structures …

wage bargaining is more conducive to innovation - particularly product innovation - than competitive pay setting. We test … the theory with workplace data for Britain and Norway. Results are consistent with the theory: local union bargaining is … positively associated with product innovations in both countries. In Norway, local union bargaining is also positively associated …