Endogenous wage-bargaining institutions in oligopolistic industries

e-Archivo Repository

Show simple item record

dc.contributor.author Petrakis, Emmanuel
dc.contributor.author Vlassis, Minas
dc.contributor.editor Universidad Carlos III de Madrid. Departamento de Economía
dc.date.accessioned 2009-12-11T15:44:44Z
dc.date.available 2009-12-11T15:44:44Z
dc.date.issued 1996-01
dc.identifier.issn 2340-5031
dc.identifier.uri http://hdl.handle.net/10016/6014
dc.description.abstract This paper develops a framework of endogenous formation of wage-bargaining institutions regarding the level at which unions and firms negotiate in industries with market power. We show that economic factors, such as asymmetries in productive efficiency and bargaining power, are responsible for the en~ ',gence of various degrees of bargaining centralization. An all unionefficient firms majorit) coalition typically establishes an extra stage of wage negotiations at the sectorial level. If, for given bargaining powers, the productivity differences are sufficiently high, wage negotiations are also conducted at firm-level. Otherwise, the (minimum) wage bargain struck at the sectorial level is simply confirmed by both, firms and unions. This is a case of complete bargaining centralization. If, however, technological and bargaining power asymmetries cancel out, wage negotiations are conducted only at the firm level (decentralized bargaining).
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries UC3M Working papers. Economics
dc.relation.ispartofseries 1996-02-02
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.other Bargaining institutions
dc.subject.other Oligopoly
dc.subject.other Minimum wage
dc.subject.other Majority coalition
dc.title Endogenous wage-bargaining institutions in oligopolistic industries
dc.type workingPaper
dc.subject.eciencia Economía
dc.rights.accessRights openAccess
 Find Full text

Files in this item

*Click on file's image for preview. (Embargoed files's preview is not supported)

The following license files are associated with this item:

This item appears in the following Collection(s)

Show simple item record