English   español  
Please use this identifier to cite or link to this item: http://hdl.handle.net/10261/58372
logo share SHARE logo core CORE   Add this article to your Mendeley library MendeleyBASE

Visualizar otros formatos: MARC | Dublin Core | RDF | ORE | MODS | METS | DIDL
Exportar a otros formatos:


Strategic bargaining with firm inventories

AuthorsColes, Melvin G.; Smith, E.
Issue Date1998
CitationJournal of Economic Dynamics and Control 23(1): 35-54 (1998)
AbstractThis paper characterizes how a firm's opportunity to sell from its stock of inventories affects the outcome of strategic wage negotiations with a union of workers. In equilibrium, the union and firm share the benefits from an immediate return to work less the costs of a strike of infinite duration. This outcome is equivalent to a Nash bargaining solution in which the threat points are the agents' expected payoffs should a strike last forever. We also demonstrate that for a given level of inventories, the wage increases when demand is high. Conversely, given demand, the wage falls as inventories rise.
Identifiersdoi: 10.1016/S0165-1889(97)00108-5
issn: 0165-1889
Appears in Collections:(IAE) Artículos
Files in This Item:
File Description SizeFormat 
accesoRestringido.pdf15,38 kBAdobe PDFThumbnail
Show full item record
Review this work

WARNING: Items in Digital.CSIC are protected by copyright, with all rights reserved, unless otherwise indicated.