Similar Search Results

An analysis of labour adjustment costs in unionized economies

Modesto, Leonor; Thomas, Jonathan P. - 2000

In this paper we conduct a theoretical analysis of the implications of a union which can exploit the existence of firm labour adjustment costs. We consider a model involving a large number of identical firms facing a single, economy-wide union. We solve (i) for the Markov perfect equilibria with...

Persistent link: https://www.econbiz.de/10011339692

Long-term work contracts versus sequential spot markets : experimental evidence on firm-specific investment

Anderhub, Vital; Königstein, Manfred; Kübler, Dorothea - 1999

Dismissal rules, i.e. legally enforced long term contracts, have beem defended against criticism for, among other things, providing efficient incentives to invest in relationship specific skills. However, in many situations efficient investment can also be attained by spot contracts. We...

Persistent link: https://www.econbiz.de/10009580472

Unemployment and the "Labour-Management Conspiracy"

Karp, Larry S. - 2004

unionized sector creates unemployment whenever the union wage exceeds the competitive wage. Government intervention can increase … both the equilibrium amount of unemployment and worsen the intersectoral allocation of labour, because of the induced … change in the endogenous wage. Unemployment weakens but does not eliminate the possibility of a "labour-management conspiracy." …

Persistent link: https://www.econbiz.de/10014153157

An Analysis of Labour Adjustment Costs in Unionized Economies

Thomas, Jonathan; Modesto, Leonor - 2021

Persistent link: https://www.econbiz.de/10013321212

Uniform and nonuniform staggering of wage contracts

Danziger, Leif - 2010

This paper provides a model that can account for the almost uniform staggering of wage contracts in some countries as well as for the markedly nonuniform staggering in others. In the model, short and long contracts as well as long contracts concluded in different periods are strategic...