G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1544
DP1544 Endogenous Mergers in Concentrated Markets
Henrik Horn; Lars Persson
发表日期1996-12-20
出版年1996
语种英语
摘要This paper provides strategic foundations for the insight that the bargaining power of employees depends on the firm?s labour turnover costs. The analysis shows how these costs determine the firm?s degree of substitutability between two sets of wage negotiations: (i) those the firm conducts with its incumbent employees; and (ii) the alternative negotiations it could conduct with new job seekers. In this context, labour turnover costs not only influence the negotiators? alternatives to bargaining (i.e. the negotiators? fall-back positions and outside options); they affect the nature of the bargaining process itself. This approach leads to a new theory of wage determination.
关键词Bargaining Insider-outsider Labour turnover costs Outside option
URLhttps://cepr.org/publications/dp1544
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/530680
推荐引用方式
GB/T 7714
Henrik Horn,Lars Persson. DP1544 Endogenous Mergers in Concentrated Markets. 1996.
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