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- W1524366937 abstract "Abstract This paper estimates two models of wage and employment determination using time-series data for the Swedish construction sector: the monopoly union model and the model of efficient bargaining. The major purpose is to examine whether the models provide a theory consistent description of firm technology and union objectives. This gives a natural framework for model selection as the models are not nested. Two versions of the efficient bargaining model are estimated. The first version is based on the assumption that the bargainingpower of the union is constant over time, while we in the second version assume that the bargaining power develops with unemployment and labour market characteristics according to the logit distribution. The results from the estimation imply that the monopoly union model describes both a well defined firm technology and well defined union objectives. In the models of efficient bargaining we will, in both cases, end up at a point close to the labour demand curve, although that point seems to provide a less accurate description of data compared with the solution to the monopoly union model." @default.
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- W1524366937 date "1993-08-01" @default.
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- W1524366937 title "Monopoly union versus efficient bargaining" @default.
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- W1524366937 doi "https://doi.org/10.1016/0176-2680(93)90004-e" @default.
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