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Strike and Lock-Out Threats and Fiscal Policy

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  • Lindbeck, Assar
  • Snower, Dennis J

Abstract

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 behavior suggest, but tha t these wage demands also depend on the cost which the union can impo se 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 l ock out. The paper presents a model of wage formation under strike and lock-out threats and explores the implications for the effectiveness of fiscal policy. Copyright 1987 by Royal Economic Society.

Suggested Citation

  • Lindbeck, Assar & Snower, Dennis J, 1987. "Strike and Lock-Out Threats and Fiscal Policy," Oxford Economic Papers, Oxford University Press, vol. 39(4), pages 760-784, December.
    • Handle: RePEc:oup:oxecpp:v:39:y:1987:i:4:p:760-84
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    Cited by:

    1. Brown, Alessio J.G. & Merkl, Christian & Snower, Dennis J., 2011. "Comparing the effectiveness of employment subsidies," Labour Economics, Elsevier, vol. 18(2), pages 168-179, April.
    2. Marika Karanassou & Hector Sala & Dennis Snower, 2007. "The macroeconomics of the labor market: three fundamental views," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 6(3), pages 151-180, December.
    3. Karanassou, Marika & Snower, Dennis J., 2000. "Characteristics of Unemployment Dynamics: The Chain Reaction Approach," IZA Discussion Papers 127, Institute of Labor Economics (IZA).
    4. Dennis J. Snower, 1993. "Insider-Outsider-Beziehungen und Einkommensverteilung," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 19(4), pages 461-469.
    5. repec:clr:wugarc:y:1993:v:19i:4p:461 is not listed on IDEAS

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