This paper shows that with a strong labour union, bargaining over piece rate generates higher social welfare than … bargaining over fixed wage. Moreover, this social welfare exceeds the social welfare under efficient bargaining level, if the …

We analyse the two-dimensional Nash bargaining solution (NBS) deploying a standard labour market negotiations model … (McDonald and Solow, 1981). We show that the two-dimensional bargaining problem can be decomposed into two one … implications for actual negotiations, as it allows for the decomposition of a multi-dimensional bargaining problem into simpler …

This paper examines the behavior of dual jobholders to test a simple model of wage bargaining and wage posting. We … bargaining versus wage posting in the labor market. We interpret the evidence within a model where workers facing hours … aggregate, wage bargaining appears to be a limited determinant of wage setting. The estimated wage response to improved outside …

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 …

to compare the outcome of collective bargaining under two different bargaining structures- one in which a single wage is … bargained at the industry-level and one in which the wages are bargained at the firm-level. The bargaining process is described … by Rubinstein’s alternating-offer bargaining model with two-sided incomplete information about the bargainers’ discount …

composition of disputes away from costly strikes. Consistent with improved bargaining efficiency, we find that the announcement of …Bargaining often occurs between parties with some shared interest. Partnerships, joint ventures, and cross ownership … are examples. We extend standard bargaining models to allow for joint ownership. Joint ownership reduces costly bargaining …

We study wage bargaining in which the union is uncertain about the firm's willingness to pay and threat payoffs vary … inventories or strike funds run out. We find that bargaining outcomes are substantially altered if threat payoffs vary. If dispute …

We present a bargaining model of union contract negotiations, in which the union decides between two threats: the union …

The purpose of the paper is to review the applications of non-cooperative bargaining theory to water related issues …-cooperative bargaining models applied to water allocation problems found in the literature. Particular attention will be given to those …

or by a joint (encompassing) labour union. Applying the asymmetric Nash bargaining solution, we find that it is …