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Union-Firm Bargaining Under Alternative Pay Schemes: Does Performance Related Pay Fair Better?

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  • Rupayan Pal

Abstract

This paper compares and contrasts equilibrium outcomes under right-to-manage bargaining (RTM) and efficient bargaining (EB) corresponding to two alternative pay schemes, fixed wage vis-a-vis piece-rate. [WP No.8]. URL:[http://www.gipe.ac.in/pdfs/working%20papers/wp8.pdf].

Suggested Citation

  • Rupayan Pal, 2011. "Union-Firm Bargaining Under Alternative Pay Schemes: Does Performance Related Pay Fair Better?," Working Papers id:3803, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:3803
    Note: Institutional Papers
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    References listed on IDEAS

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    1. Booth,Alison L., 1994. "The Economics of the Trade Union," Cambridge Books, Cambridge University Press, number 9780521468398, January.
    2. Oswald, Andrew J., 1982. "Optimal Intervention in an Economy with Trade Unions," Economic Research Papers 269164, University of Warwick - Department of Economics.
    3. Emmanuel Petrakis & Minas Vlassis, 2004. "Endogenous wage bargaining institutions in oligopolistic sectors," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 24(1), pages 55-73, July.
    4. Edward P. Lazear, 2000. "Performance Pay and Productivity," American Economic Review, American Economic Association, vol. 90(5), pages 1346-1361, December.
    5. Oswald, Andrew J, 1982. "Trade Unions, Wages and Unemployment: What Can Simple Models Tell Us?," Oxford Economic Papers, Oxford University Press, vol. 34(3), pages 526-545, November.
    6. M. Ryan Haley, 2003. "The Response of Worker Effort to Piece Rates: Evidence from the Midwest Logging Industry," Journal of Human Resources, University of Wisconsin Press, vol. 38(4).
    7. McDonald, Ian M & Solow, Robert M, 1981. "Wage Bargaining and Employment," American Economic Review, American Economic Association, vol. 71(5), pages 896-908, December.
    8. Barton H. Hamilton & Jack A. Nickerson & Hideo Owan, 2003. "Team Incentives and Worker Heterogeneity: An Empirical Analysis of the Impact of Teams on Productivity and Participation," Journal of Political Economy, University of Chicago Press, vol. 111(3), pages 465-497, June.
    9. Bruce Shearer, 2004. "Piece Rates, Fixed Wages and Incentives: Evidence from a Field Experiment," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 71(2), pages 513-534.
    10. Kraft, Kornelius, 1998. "The codetermined firm in oligopoly," Economics Letters, Elsevier, vol. 61(2), pages 195-201, November.
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    Keywords

    equilibrium; RTM; Efficient bargaining; EB; alternative pay; fixed wage; union; firm; Bargaining; piece-rate; Social welfare; Union; output; payoff; manufacturing; firms; pune; India;
    All these keywords.

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