Wage Bargaining in Industries with Market Power
Abstract"We develop a game-theoretic version of the" right-to-manage "model of firm-level bargaining where strategic interactions among firms are explicitly recognized. Our main aim is to investigate how equilibrium wages and employment react to changes in various labor and product market variables. We show that our comparative statics results hinge crucially on the strategic nature of the game, which in turn is determined by the relative bargaining power of unions and managers." Copyright 1996 The Massachusetts Institute of Technology.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Journal of Economics & Management Strategy.
Volume (Year): 5 (1996)
Issue (Month): 4 (December)
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Web page: http://www.kellogg.northwestern.edu/research/journals/JEMS/
Other versions of this item:
- A. Jorge Padilla & Samuel Bentolila & Juan J. Dolado, 1996. "Wage Bargaining in Industries with Market Power," Banco de Espaï¿½a Working Papers 9616, Banco de Espaï¿½a.
- Bentolila, Samuel & Dolado, Juan J. & Padilla, Atilano Jorge, 1994. "Wage Bargaining in Industries with Market Power," CEPR Discussion Papers, C.E.P.R. Discussion Papers 987, C.E.P.R. Discussion Papers.
- J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
- J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General
- J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects
- D40 - Microeconomics - - Market Structure and Pricing - - - General
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- Emmanuel Petrakis & Minas Vlassis, 2004.
"Endogenous wage bargaining institutions in oligopolistic sectors,"
Economic Theory, Springer,
Springer, vol. 24(1), pages 55-73, 07.
- Emmanuel Petrakis & Minas Vlassis, . "Endogenous Wage-Bargaining Institutions in Oligopolistic Sectors," Working Papers, University of Crete, Department of Economics 0105, University of Crete, Department of Economics, revised 00 Dec 2001.
- JoaquÃn Andaluz, 2011. "Validity of the â€œPrinciple of Maximum Product Differentiationâ€ in a unionized mixed-duopoly," Journal of Economics, Springer, Springer, vol. 102(2), pages 123-136, March.
- Nicole GÃƒÂ¼rtzgen, 2002. "Trade Liberalization and Union Wages in a Differentiated Bertrand Duopoly," Open Economies Review, Springer, Springer, vol. 13(2), pages 133-151, April.
- Bughin, Jacques, 1999. "The strategic choice of union-oligopoly bargaining agenda," International Journal of Industrial Organization, Elsevier, Elsevier, vol. 17(7), pages 1029-1040, October.
- Rupayan Pal & Bibhas Saha, 2008. "Union-oligopoly bargaining and entry deterrence: a reassessment of limit pricing," Journal of Economics, Springer, Springer, vol. 95(2), pages 121-147, November.
- Giorgio Brunello & Daniela Sonedda, 2002. "Labor Tax Progressivity, Wage Determination, and the Relative Wage Effect," CESifo Working Paper Series 721, CESifo Group Munich.
- Esperanza Gracia, 1999. "MÃ¡rgenes y cuotas de mercado. Un anÃ¡lisis con un micropanel," Investigaciones Economicas, FundaciÃ³n SEPI, FundaciÃ³n SEPI, vol. 23(3), pages 393-428, September.
- Jo Seldeslachts, 2002. "Interactions Between Product and Labour Market Reforms," UFAE and IAE Working Papers, Unitat de Fonaments de l'AnÃ lisi EconÃ²mica (UAB) and Institut d'AnÃ lisi EconÃ²mica (CSIC) 519.02, Unitat de Fonaments de l'AnÃ lisi EconÃ²mica (UAB) and Institut d'AnÃ lisi EconÃ²mica (CSIC).
- Rupayan Pal & Bibhas Saha, 2008. "Union-Oligopoly Bargaining and Entry Deterrence:A Reassessment of Limit Pricing," Working Papers id:1375, eSocialSciences.
- Emmanuel Petrakis & Minas Vlassis, 1999. "The strategic role of minimum sectorial wages in oligopoly: a case for the Spanish labour market," Investigaciones Economicas, FundaciÃ³n SEPI, FundaciÃ³n SEPI, vol. 23(3), pages 331-350, September.
- Petrakis, Emmanuel & Vlassis, Minas, 2005. "The endogenous national minimum wage institution," Journal of Macroeconomics, Elsevier, Elsevier, vol. 27(4), pages 747-762, December.
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