Bilateral Delegation in Duopoly Wage and Employment Bargaining
Abstract
We study bilateral delegation in wage and employment bargaining between firms and unions in a Cournot duopoly. Incentive delegation creates frictions for each party between its objectives of within‐firm rent extraction and market/job stealing from the rival firm. The net effect is restraint in production, resulting in a larger bargaining pie. But each player's payoff will be inversely related to his bargaining power. We also show that if players...
Paper Details
Title
Bilateral Delegation in Duopoly Wage and Employment Bargaining
Published Date
May 27, 2016
Volume
38
Issue
4
Pages
607 - 621
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