bargaining in Germany. Based on a simple bargaining model we derive our main hypothesis: In establishments covered by collective … bargaining agreements works councils are more likely to be engaged in productivity enhancing activities and less engaged in rent …

-post bargaining. The present paper investigates the efficiency of incomplete contracts if individuals have heterogeneous preferences … implying heterogeneous bargaining behavior and - equally important - preferences are private information. As the sunk … investment costs can thus potentially signal preferences, they can influence beliefs and consequently bargaining outcomes. The …

bargaining in Germany. Based on a simple bargaining model we derive our main hypothesis: In establishments covered by collective … bargaining agreements works councils are more likely to be engaged in productivity enhancing activities and less engaged in rent …

ex post bargaining phase in which the managers can agree on theproject which maximize their joint private benefit. Our … model shows the share of co-operative surplus the managers can get from bargaining and their default pay off playsa key role …