Mauleon, Ana; Vannetelbosch, Vincent - In: Canadian Journal of Economics 38 (2005) 1, pp. 149-173
We develop a model of wage determination with private information, in which the union has the option to delegate the … of wage-maximizing delegates, even when the wage bargaining with private information is close to one with complete … information. However, if it is commonly known that the union is stronger than the firm and the demand is sufficiently elastic …