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Rebellion against Reason? A Study of Expressive Choice and Strikes
Brunnschweiler, Christa N.; Jennings, Colin; MacKenzie, … - 2012
In this paper we challenge the conventional view that strikes are caused by asymmetric information regarding firm … profitability such that union members are uninformed. Instead, we build an expressive model of strikes where the perception of … offers and the incidence of strikes. Furthermore, while asymmetric information is still important in causing strikes, we find …
Persistent link: https://www.econbiz.de/10011753226
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Does the quality of industrial relations matter for the macro economy? : A cross-country analysis using strikes data
Addison, John T. (contributor);  … - 2006
measure industrial relations inversely by strikes -- which proxy we cross-check with an industrial relations reputation … constant, however, the sign of the variable is reversed. This fixed-effects result likely picks up a direct effect of strikes …
Persistent link: https://www.econbiz.de/10003278948
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Rebellion against reason? : a study of expressive choice and strikes
Brunnschweiler, Christa N.; Jennings, Colin C.; … - 2012
In this paper we challenge the conventional view that strikes are caused by asymmetric information regarding firm … profitability such that union members are uninformed. Instead, we build an expressive model of strikes where the perception of … offers and the incidence of strikes. Furthermore, while asymmetric information is still important in causing strikes, we find …
Persistent link: https://www.econbiz.de/10009552914
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Does the Quality of Industrial Relations Matter for the Macro Economy? A Cross-Country Analysis Using Strikes Data
Addison, John T. - 2006
measure industrial relations inversely by strikes - which proxy we cross-check with an industrial relations reputation … constant, however, the sign of the variable is reversed. This fixed-effects result likely picks up a direct effect of strikes …
Persistent link: https://www.econbiz.de/10012782103
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Rebellion Against Reason? A Study of Expressive Choice and Strikes
Brunnschweiler, Christa N.; Jennings, Colin; MacKenzie, … - 2012
In this paper we challenge the conventional view that strikes are caused by asymmetric information regarding firm … profitability such that union members are uninformed. Instead, we build an expressive model of strikes where the perception of … offers and the incidence of strikes. Furthermore, while asymmetric information is still important in causing strikes, we find …
Persistent link: https://www.econbiz.de/10014168651
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On strike insurance
Goerke, Laszlo; Schnabel, Claus - 2002
Persistent link: https://www.econbiz.de/10001702052
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On strike insurance
Goerke, Laszlo; Schnabel, Claus - 2002
A strike insurance is integrated into a model based on one-sided private information of the firm. It is shown that the strike insurance will increase the dispute level if payments to the insurance are lump-sum or if payments from the insurance are proportional to wages. However, if wages affect...
Persistent link: https://www.econbiz.de/10010509848
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Asymmetry in the price impact of trades in an high-frequency microstructure model with jumps
Jondeau, Eric; Lahaye, Jérôme; Rockinger, Michael - 2013
We estimate a general microstructure model of the transitory and permanent impact of order flow on stock prices. Jumps are detected in both the transaction price (observation equation) and fundamental value (state equation). The model's parameters and variances are updated in real time. Prices...
Persistent link: https://www.econbiz.de/10010256970
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Threshold Stochastic Conditional Duration Model for Transaction Data
Wirjanto, Tony S. - 2015
This paper proposes a threshold stochastic conditional duration (SCD) model for financial data at the transaction level. In addition to assuming that the innovations of the duration process follow a threshold distribution with positive support, we also assume that the latent first-order...
Persistent link: https://www.econbiz.de/10013032709
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A Threshold Stochastic Conditional Duration Model for Financial Transaction Data
Men, Zhongxian - 2015
This paper proposes a threshold stochastic conditional duration (TSCD) model to capture the asymmetric property of financial transactions. The innovation of the observable duration equation is assumed to follow a threshold distribution with two component distributions switching between two...
Persistent link: https://www.econbiz.de/10013035792