Böhm, Volker; Claas, Oliver - Institut für Mathematische Wirtschaftsforschung, … - 2014
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 …-statics analysis of the temporary equilibrium, in particular of the role of union power on employment, wages, and income distribution …