This paper suggests that a union's wage demands are not merely the outcome of maximizing the union's utility function subject to a labor demand or minimum profit constraint as the standard models of union behavoir suggest, but that these wage demands also depend on the cost which the union can impose on the firm through a strike and on the credibility of the strike threat. The firm, in turn, can affect the above costs by imposing a lock-out. The paper...
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INFORMACIÓN
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1987/01/01
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Documento de trabajo departamental
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DRD229
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1
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1
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2013/01/23
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Disclosed
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Strike and lock-out threats and fiscal policy
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Fiscal policies