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2019 | tom 25, nr 1 | 23--34
Tytuł artykułu

Wage Versus Efficient Bargaining in a Cournot Duopoly: a Preliminary Note on Welfare

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
In a unionized Cournot duopoly with decentralized, firm-level bargaining, this note re-examines the endogenous equilibrium agendas wage vs. efficient bargaining that can arise under three different specifications of the timing of negotiations and the impact of the outcome of the bargaining process on social welfare. Given that explicit conflict of interest among the bargaining parties can arise in every timing specification, this note proposes, analyzes, and discusses some guiding principles for governments and public authorities interested in pursuing social welfare improvements. (original abstract)
Rocznik
Numer
Strony
23--34
Opis fizyczny
Twórcy
  • Kozminski University, Poland
Bibliografia
  • Buccella, D. (2011). Corrigendum to "The strategic choice of union-oligopoly bargaining agenda". International Journal of Industrial Organization, 29(6), 690-693.
  • Bughin, J. (1999). The strategic choice of union-oligopoly bargaining agenda. International Journal of Industrial Organization,17(7),1029-1040.
  • Fanti, L. (2014). When do firms and unions agree on a monopoly union or an efficient bargaining arrangement? Discussion paper n. 181. Department of Economics and Management, University of Pisa.
  • Fanti, L. (2015). Union-firm bargaining agenda: Right-to-manage or efficient bargaining? Economics Bulletin, 35(2), 936-948.
  • Fanti, L., Buccella, D. (2017). Timing and the selection of the bargaining agenda. In: L. Fanti (ed.), Oligopoly, Institutions and the Performance of Firms (57-84). Pisa: Pisa University Press.
  • Harsanyi, J. C., Selten, R. (1988). A General Theory of Equilibrium Selection in Games. Cambridge, MA: MIT Press.
  • Kraft, K. (2006). Wage versus efficient bargaining in oligopoly. Managerial and Decision Economics, 27(7), 595-604.
  • Naylor, R. A. (2003). Economic models of union behavior. In: J. T. Addison, C. Schnabel (eds.), International Handbook of Trade Unions (44-85). Cheltenham: Edward Elgar.
  • Nickell, S. J., Andrews, M. (1983). Unions real wages and employment in Britain 1951-1979. Oxford Economic Papers, 35(Suppl.), 183-206.
  • Manning, A. (1987a). An integration of trade union models in a sequential bargaining framework. The Economic Journal, 97, 121-139.
  • Manning, A. (1987b). Collective bargaining institutions and efficiency. European Economic Review, 31, 168-176.
  • McDonald, I. M., Solow, R. M. (1981). Wage bargaining and employment. American Economic Review, 71(5), 896-908.
  • Petrakis, E., Vlassis, M. (2000). Endogenous scope of bargaining in a union-oligopoly model: When will firms and unions bargain over employment? Labour Economics, 7(3), 261-281.
  • Roth, A. (1979). Axiomatic Models of Bargaining. Berlin: Springer-Verlag.
  • Shy, O. (1996). Industrial Organization: Theory and Applications. Cambridge, MA: MIT Press.
  • Vannini, S., Bughin, J. (2000). To be (unionized) or not to be? A case for cost-raising strategies under Cournot oligopoly.European Economic Review, 44(9), 1763-1781.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171591905

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