EconPapers    
Economics at your fingertips  
 

Union structure and firms' incentives for cooperative R&D investments

Constantine Manasakis () and Emmanuel Petrakis ()

Canadian Journal of Economics, 2009, vol. 42, issue 2, 665-693

Abstract: We investigate the impact of alternative unionization structures on firms' incentives to invest on cost-reducing R&D and to form Research Joint Ventures (RJVs), in the presence of R&D spillovers. We show that if firms invest non-cooperatively and spillovers are low, R&D investments are higher under centralized rather than under decentralized wage-setting. In contrast, investments are always higher under decentralized wage-setting in the case of RJVs. Firms' incentives to form an RJV are stronger under centralized wage-setting if and only if spillovers are low enough. Finally, centralized wage-setting may hinder the formation of costly RJVs and their potential welfare benefits.

JEL-codes: J51 L13 O31 (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (12) Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1111/j.1540-5982.2009.01523.x (text/html)
access restricted to subscribers

Related works:
Journal Article: Union structure and firms' incentives for cooperative R&D investments (2009) Downloads
Working Paper: Union Structure and Firms Incentives for Cooperative R&D Investments (2007) Downloads
Working Paper: Union structure and firms incentives for cooperative R&D investments (2004) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cje:issued:v:42:y:2009:i:2:p:665-693

Ordering information: This journal article can be ordered from
https://www.economic ... ionen/membership.php

Access Statistics for this article

Canadian Journal of Economics is currently edited by Katherine Cuff

More articles in Canadian Journal of Economics from Canadian Economics Association Canadian Economics Association Prof. Werrner Antweiler, Treasurer UBC Sauder School of Business 2053 Main Mall Vancouver, BC, V6T 1Z2. Contact information at EDIRC.
Bibliographic data for series maintained by Prof. Werner Antweiler ().

 
Page updated 2021-08-04
Handle: RePEc:cje:issued:v:42:y:2009:i:2:p:665-693