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In this paper we revisit the issue of the scope of bargaining between firms and unions. It is shown that an agreement between parties on the bargaining agenda may endogenously emerge only on the Efficient Bargaining arrangement, provided that union's power is not too high.
Persistent link: https://www.econbiz.de/10011249522
Common wisdom suggests that firms with higher productivities earn higher profits and the higher productivities of the firms benefit consumers by increasing outputs. We show that productivity difference may not matter for outputs and profits in presence of wage bill maximizing labor unions. Our...
Persistent link: https://www.econbiz.de/10010629596
This paper studies the problem of location-quantity choice in a duopoly in which the wage paid by each firm is set by the corresponding monopoly union. Compared with the outcome obtained in location-price choice game, we find that the wage setting choice for both unions does not change in our...
Persistent link: https://www.econbiz.de/10008562833
Common wisdom suggests that firms with higher productivities earn higher profits and the higher productivities of the firms benefit consumers by increasing outputs. We show that productivity difference may not matter for outputs and profits in presence of wage bill maximizing labor unions. Our...
Persistent link: https://www.econbiz.de/10005181955
Building on the notion of general and specific human capital proposed by Becker (1962), the paper highlights the importance of employee training practices undertaken in firms as an important tool for human resource and knowledge management and focuses on the role of works councils as a specific...
Persistent link: https://www.econbiz.de/10010884480
Building on the notion of general and specific human capital proposed by Becker (1962), the paper highlights the importance of employee training practices undertaken in firms as an important tool for human resource and knowledge management and focuses on the role of works councils as a specific...
Persistent link: https://www.econbiz.de/10010369304
In the context of technological change, the influence of innovative entrants on incumbents is considered a major driving force. Using global patent data, we analyze this influence for the case of the transition from combustion engine vehicles towards alternative technology vehicles (ATVs)....
Persistent link: https://www.econbiz.de/10011663363
in outward FDI and its effects on home performance. Using a sample of French manufacturers, we combine propensity … their home performance ex-post. One explanation for this result might be that foreign-owned firms do not invest abroad in … order to increase their own performance, but the performance of their own group. …
Persistent link: https://www.econbiz.de/10010633883
This article examines the incentive to merge in a Bertrand competition model with generalized substitutability and price competition. The model suggests that acquisition of firms by their rivals can result in maximal concentration of the industry.
Persistent link: https://www.econbiz.de/10009397023
An incumbent monopolist, tries to deter entry and thus never licenses its technology to any potential entrant. This paper, however shows that the monopolist may license in the technology of the entrant that remains out of the market in the pre-licensing stage. Post-licensing, the entrant...
Persistent link: https://www.econbiz.de/10010770407