We introduce collective bargaining in a static framework where the firm and its risk-neutralemployees negotiate over … wage-employment contract andthe equilibrium contract under binding risk-neutral efficient bargaining. We also …

This paper tests the pro-competitive effect of trade in the product and labor markets of UK manufacturing sectors … manufacturing sectors to simultaneously estimate mark-up and workers' bargaining power parameters according to sector, firm size and … period. We find a significant drop in both the mark-up and the workers' bargaining power in the mid-nineties. In the second …

accounting approach and the standard labor economics approach are compatible with distinct labor bargaining settings (right …-to-manage, efficient bargaining, labor hoarding) whereas the productivity approach hinges on the assumption of efficient bargaining. Across … comparable range. We interpret the latter finding as lending empirical support to efficient bargaining as the nature of the …