| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP170 |
| DP170 Regret and Jubilation in Union Wage Bargaining | |
| Michael Beenstock | |
| 发表日期 | 1987-03-01 |
| 出版年 | 1987 |
| 语种 | 英语 |
| 摘要 | A theoretical model of collective wage bargaining is developed in which unions set wages and employers decide employment. A novel feature of the model is that the conventional expected utility calculus is replaced by one in which regret from failed wage bargains and jubilation from successful ones influence decision-making under uncertainty. This gives rise to a series of wage bargaining rounds in which collectively determined wage rates rise and employment falls. This dynamic behaviour is not implied by conventional analyses. |
| 主题 | International Macroeconomics |
| 关键词 | Collective bargaining Jubilation effect Labour markets Regret effects Unions Utilitarian assumption Wages |
| URL | https://cepr.org/publications/dp170 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529326 |
| 推荐引用方式 GB/T 7714 | Michael Beenstock. DP170 Regret and Jubilation in Union Wage Bargaining. 1987. |
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