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- W3124042025 abstract "This paper introduces a two-stage union-oligopoly-council model of wage and employment determination wherein at the first stage wage is negotiated through collective bargaining and at the second stage employment in each firm is co-determined by the employer and its works council. We provide a full characterization of the model outcome for all parameter values of bargaining power and co-determination power. In particular, works councils always increase employment while their impact on wage can be non-monotonic. Overall, individual works councils' pursuit of own workers' interests may well harm the workers as a union." @default.
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- W3124042025 date "2010-01-01" @default.
- W3124042025 modified "2023-09-27" @default.
- W3124042025 title "Wage and Employment Effects of Workplace Representation – A Right To Co-Manage Model" @default.
- W3124042025 hasPublicationYear "2010" @default.
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