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In this paper, we present a simple model in which a unionized and non-unionized firm optimally make investment …
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firms' investment in capital depends on the structure and coordination of bargaining, the preference of unions between wages …
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level, raises the amount of investment per worker in the economy compared to a one-tier bargaining scheme, in which earnings … investment per worker and the presence of a two-tier bargaining agreement that we find in a representative sample of Italian …
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