Wagner, Joachim; Schnabel, Claus; Schank, Thorsten; … - Wirtschafts- und Sozialwissenschaftliche Fakultät, … - 2005
Theory suggests that firms confront a hold-up problem in dealing with workplace unionism: unions will appropriate a portion of the quasi rents stemming from long-lived capital. As a result, firms may be expected to limit their exposure to rent seeking by reducing investments, among other things....