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How do labor representatives affect incentive orientation of executive compensation?

Dyballa, Katharina; Kraft, Kornelius - 2016

Contrary to previous literature we hypothesize that labor's interest may well – like that of shareholders – aim at … interest in increasing incentive-based compensation to avoid management's excessive risk taking and short-run oriented …

Persistent link: https://www.econbiz.de/10011526742

Relative consumption, working time, and trade unions

Goerke, Laszlo; Hillesheim, Inga - 2013

Status considerations with respect to consumption give rise to negative externalities because individuals do not take into account that their decisions affect the relative consumption position of others. Further, status concerns create incentives for excessive labour supply in competitive...

Persistent link: https://www.econbiz.de/10009763210

Tax evasion in a unionised economy

Goerke, Laszlo - 2001

In a unionised labour market, a substitution of a payroll for an income tax will not alter employment if tax obligations are fulfilled. However, if workers or firms can evade taxes this irrelevance result might no longer apply. This will especially be the case if the fine for tax evasion depends...

Persistent link: https://www.econbiz.de/10011404003

Warrant economics, call-put policy options and the fallacies of economic theory

Hatgioannides, John; Karanassou, Marika - 2011

In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional...

Persistent link: https://www.econbiz.de/10009524338

Wage determination in the US airline industry : union power under product market constraints

Hirsch, Barry T. (contributor) - 2006

The paper analyzes wages in the U.S. airline industry, focusing on the role of collective bargaining in a changing product market environment. Airline unions have considerable strike threat power, but are constrained by the financial health of carriers. Since airline deregulation, compensation...

Persistent link: https://www.econbiz.de/10003384910

Unions, dynamism, and economic performance

Hirsch, Barry T. - 2010

This paper explores the relationship between economic performance and US unionism, focusing first on what we do and do not know based on empirical research handicapped by limited data on establishment and firm level collective bargaining coverage. Evidence on the relationship of unions with...

Persistent link: https://www.econbiz.de/10009312945

Wage determination and imperfect competition

Booth, Alison L. - 2014

A striking feature of the past few decades has been the development of wage-determination models that assume that labour markets are imperfectly competitive. This paper discusses two such models (trade unions and oligopsony), although there are many more. It also asks if imperfectly competitive...

Persistent link: https://www.econbiz.de/10010257588

The political economy of labor market regulation with R&D

Palokangas, Tapio K. - 2014

In this paper, I study the political rationale for labor market regulation. Oligopolists employ raw labor and human capital (i.e. key workers) for production and R&D. There are many jurisdictions, in each of which a self-interested policy maker can regulate/deregulate the local labor market. I...

Persistent link: https://www.econbiz.de/10010350356

UK trades unions and the problems of collective action

Willman, Paul; Bryson, Alex; Forth, John - 2016

understand the management of first and second order collective action problems. First order problems refer to the problems of … initiating collective action and second order problems refer to the management of collective action organisations. Unions are … presented to illustrate the cost disease problem and to suggest options for its management. …

Persistent link: https://www.econbiz.de/10011502561

The impact of temporary agency work on trade union wage setting : a theoretical analysis

Beissinger, Thomas; Baudy, Philipp - 2015

Focusing on the cost-reducing motive behind the use of temporary agency employment, this paper aims at providing a better theoretical understanding of the effects of temporary agency work on the wage-setting process, trade unions' rents, firms' profits and employment. It is shown that trade...

Persistent link: https://www.econbiz.de/10010472489