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´s willingness to participate in a strike. We develop and compare two signaling models of strikes: in one, firms are able to monitor …
Persistent link: https://www.econbiz.de/10011512984
´s willingness to participate in a strike. We develop and compare two signaling models of strikes: in one, firms are able to monitor …
Persistent link: https://www.econbiz.de/10011496031
This paper presents a strategic model of incentives for care and litigation under asymmetric information and self-serving bias, and studies the effects of caps on non-economic damages. We contribute to the theoretical law and economics literature by providing the first assessment of the effects...
Persistent link: https://www.econbiz.de/10011266379
This paper presents a strategic model of incentives for care and litigation under asymmetric information and self-serving bias, and studies the effects of damage caps. We contribute to the behavioral economics literature by generalizing the perfect Bayesian equilibrium concept to environments...
Persistent link: https://www.econbiz.de/10011266401
´s willingness to participate in a strike. We develop and compare two signaling models of strikes: in one, firms are able to monitor …
Persistent link: https://www.econbiz.de/10010721204
Based on a non cooperative model with asymmetric information tested by means of a laboratory experiment, this paper examines the influence of a negotiation outcome on the demand behavior in subsequent negotiations. While the assumption of inflationary wage claims is rejected by the data, a...
Persistent link: https://www.econbiz.de/10011187186
´s willingness to participate in a strike. We develop and compare two signaling models of strikes: in one, firms are able to monitor …
Persistent link: https://www.econbiz.de/10011078543
The present paper aims at explaining strike incidence, measured by the proportion of strikers observed in each sector …, and strike severeness, proxied by a measure of mean strike hours lost per worker in each industry. We find that Industry … concentration dissuades striking – more concentrated sectors provide higher wage growth, hence, strike disputes are rarer and …
Persistent link: https://www.econbiz.de/10011078559
This paper develops a hedonic model of job security (JS). Workers with heterogeneous JS-preferences pay the hedonic price for JS to employers, who incur labor-hoarding costs from supplying JS. In contrast to the Wage-Bill Argument, equilibrium unemployment is strictly positive, as workers with...
Persistent link: https://www.econbiz.de/10005424116
We analyze the role of damage clauses in labor contracts using a model in which a worker may want to terminate his current employment relationship and work for another firm. We show that the initial parties to a contract have an incentive to stipulate excessive damage clauses, which leads to ex...
Persistent link: https://www.econbiz.de/10005566339