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In this paper we study the effect of unions on product and process innovation both theoretically and empirically. We … innovation does not necessarily survive. When the voice effect is neither too strong nor too low, the unionized sector … outperforms the market in terms of process innovation, while the effect on product innovation is strictly increasing in the voice …
Persistent link: https://www.econbiz.de/10013246893
In this paper, we present a simple model in which a unionized and non-unionized firm optimally make investment decisions given their labor productivity. By allowing workers' organizations to have positive effects on labor effort, we find that the classic hold-up problem does not necessarily...
Persistent link: https://www.econbiz.de/10012864858