incentives than "coordination." Depending on the innovation outcome, workers' wage bill is maximized under "centralization" if …This paper examines how unionization structures that differ in the degree of wage centralization affect firms …' incentives to increase labor productivity. We distinguish three modes of unionization with increasing degree of centralization …

incentives than "coordination." Depending on the innovation outcome, workers' wage bill is maximised under centralisation" if … holds innovative activity down at its lowest level. Labour market policy can spur innovation by either decentralising … unionisation structures or by imposing non-discrimination rules on monopoly unions. …

Existing literature on the strategic interaction between the central bank (CB) and unions assumes that firms face …. This is done in a three stage game, in the first stage of which unions contractually set nominal wages, in the second stage … employment and output even when inflation is fully anticipated by labour unions and even when unions are indifferent to inflation …

wage bill maximizing unions and labour decreasing returns. It is shown that the standard result, that equilibrium profits …

wage bill maximizing unions and labour decreasing returns. It is shown that the standard result, that equilibrium profits …

of all the unions and (typically) the efficient firms has an incentive to establish wage bargaining centralization at the … asymmetries in firms’ productivity and in unions’ risk aversion and/or bargaining power may generate various degrees of … centralization in wage bargaining, which are often observable in real life. In the presence of such asymmetries, a winning coalition …

We develop a model of strategic networks in order to analyze how trade unions will affect the stability and efficiency … is not true. Strong stability even reinforces this conflict. However, once unions settle wages such conflict disappears …

We develop a model of strategic networks in order to analyze how trade unions will affect the stability and efficiency … is not true. Strong stability even reinforces this conflict. However, once unions settle wages such conflict disappears …

Abstract Motivated by the widespread presence both of decentralised unions and cross-participation at ownership level …-averse) decentralised monopoly unions. We show that such a common wisdom, while it holds when either unions or crossownership separately … unions and crossownership are in existence: this is because the interaction between the reduced employment due to cross …

-specific monopolistic unions. Since the cross-participation at ownership level implies a lower degree of competition, then in a duopoly … without unions, as expected, consumer surplus and social welfare, despite the increase in the industry profits, reduces when … share of cross-participation. This always occurs provided that unions are sufficiently wage-oriented. Therefore, the policy …