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Englishtrade union concern for job security is modelled under asymmetric information about labour demand, with rigid wage. Sequential decision processe are discussed: for the individual, on whether to join the union; for the union, about the contribution to charge; for the employer, on the level of labour to hire. Equilibrium and "disequilibrium" solutions with shocked output price are provided in a general and algebraic formulation. Simulations with 1982 British data are shown, with shocks on probability of fall in output price, on technology, and on working time.
A structural model of trade union behaviour under uncertainty, with sticky wage. / Parodi G.. - In: LABOUR. - ISSN 1121-7081. - 3:3(1989), pp. 93-108.
| Titolo: | A structural model of trade union behaviour under uncertainty, with sticky wage. | |
| Autori: | ||
| Data di pubblicazione: | 1989 | |
| Rivista: | ||
| Citazione: | A structural model of trade union behaviour under uncertainty, with sticky wage. / Parodi G.. - In: LABOUR. - ISSN 1121-7081. - 3:3(1989), pp. 93-108. | |
| Abstract: | trade union concern for job security is modelled under asymmetric information about labour demand, with rigid wage. Sequential decision processe are discussed: for the individual, on whether to join the union; for the union, about the contribution to charge; for the employer, on the level of labour to hire. Equilibrium and "disequilibrium" solutions with shocked output price are provided in a general and algebraic formulation. Simulations with 1982 British data are shown, with shocks on probability of fall in output price, on technology, and on working time. | |
| Handle: | http://hdl.handle.net/11564/268396 | |
| Appare nelle tipologie: | 1.1 Articolo in rivista |
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