English, Article, Journal or magazine article edition: The Choice of the Agenda in Labor Negotiations: efficiency and behavioral considerations Manfred Konigstein; Manfred Königstein; Marie-Claire Villeval

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Bookmark: http://trove.nla.gov.au/version/200593
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The Choice of the Agenda in Labor Negotiations: Efficiency and Behavioral Considerations
Author
  • Manfred Konigstein
  • Manfred Königstein
  • Marie-Claire Villeval
Physical Description
  • preprint
Notes
  • RePEc:gat:wpaper:0508
  • RePEc:iza:izadps:dp1762
  • The labor economics literature has shown that the “efficient bargaining” model, in which wage and employment are negotiated simultaneously, is less frequently used on unionized markets than the less efficient “right-to-manage” model, in which wage is determined via bargaining and employment determined subsequently and unilaterally by the firm. This paper reports an experiment in which the choice of the bargaining agenda is endogenous within a noncooperative game. We find that participants show a preference for decision authority and choose single-issue bargaining in most cases even though efficiency is lower than in multi-issue bargaining. Furthermore, multi-issue bargaining induces unions to offer smaller payoff shares and leads to a higher conflict rate than in a single-issue bargaining.
  • bargaining agenda; decision authority; efficient contract; experiment; right to manage
  • RePEc:hal:journl:halshs-00180038_v1
  • bargaining agenda; efficient contracts; right-to-manage; decision authority; experiments
  • RePEc:hal:journl:halshs-00175021_v1
Language
  • English
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