We study bilateral bargaining problems with interested third parties, the stakeholders that enjoy benefits upon a … potential willingness of the stakeholder to make contributions to promote agreement may be the source of severe inefficiency …. However, and more surprisingly, for a wide range of parameter values this outcome is better for the stakeholder than if he …

We study bilateral bargaining problems with interested third parties, the stakeholders that enjoy benefits upon a … potential willingness of the stakeholder to make contributions to promote agreement may be the source of severe inefficiency …. However, and more surprisingly, for a wide range of parameter values this outcome is better for the stakeholder than if he …

For a two-period screening model of strikes it is shown that joint bargaining instead of enterprise negotiations lowers … wages and implies more strikes. These results hold irrespective of the party possessing private information. The sensitivity …

Strikes, just as other types of conflict, used to be difficult to explain from an economic perspective. Initially, it … asymmetric information to prominence as a significant cause of strikes. After reviewing such long-standing potential explanations … with the union can lead to strikes. Additionally, power asymmetries, reputation-building, and internal union politics can …

Short-term contracts and exogenous productivity growth are introduced in asimple wage bargaining model. The equilibrium … credible, but neverwhen strike is not credible. In the limit as time between bargaining roundsvanishes only the first paradox …

We analyze a bargaining model where there is a long-term relationship between a seller and a buyer and there is … bargaining over a sequence of surpluses that arrives at fixed points in time. Markov Perfect Equilibria are analyzed and …

nonunionized firms. However, little research has been devoted to examining the implications of ESOPs for collective bargaining or … involve a strike. We examine these predictions using U.S. bargaining data from 1970 to 1995. The data suggest that ESOPs do … increase the efficiency of labor negotiations by shifting the composition of disputes away from costly strikes. Consistent with …

This paper analyzes the implications of right-to-manage wage bargaining between a producers' syndicate and a workers … activity. At given prices and price expectations, nominal wages are set according to a Nash bargaining agreement. Producers …, including a variety of different qualitative features compared to the situation under efficient bargaining. These differences …