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This study examines whether a firm’s leverage can be used strategically to improve its bargaining position with an … empirical testing, we find that the portfolio with the lowest union labor coverage has the lowest leverage, while the portfolio … with the highest union labor coverage has the highest leverage. We also find that collective bargaining power positively …
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This paper presents a three class growth model with labor market conflict. The classes are workers, a middle management middle class, and a "top" management capitalist class. The model introduces personal income distribution that supplements conventional concerns with functional income...
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In the presence of scale economies or network effects, securing sales to a large buyer can be pivotal to a supplier's decision to produce. Conventional wisdom holds that being pivotal improves a buyer's bargaining position vis-a-vis the supplier, because the supplier's threat point is poor. But...
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