This paper analyses the optimal behaviour of a trade union trying to extract capital rents. It shows that wages can increase or decrease with accumulated investment depending on technology and outside income opportunities.
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Paper provided by Athens University of Economics and Business, Department of International and European Economic Studies in its series Athens University of Economics and Business with number
129.
Length: 33 pages Date of creation: 2001 Date of revision: Handle: RePEc:fth:athebu:129
Contact details of provider: Postal: Athens University of Economics and Business, Department of International and European Economic Studies. Parission 76, Athens Greece 10434 Phone: +30 1 8203250 Fax: +301 8228419 Web page: http://www.aueb.gr/ More information through EDIRC
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