Choice of union-firm bargaining agenda and social welfare

Rupayan Pal

Public Economics from University Library of Munich, Germany

Abstract: This paper shows that with a strong labour union, bargaining over piece rate generates higher social welfare than bargaining over fixed wage. Moreover, this social welfare exceeds the social welfare under efficient bargaining level, if the union is very strong.

Keywords: Bargaining; Fixed wage; Piece rate; Social welfare; Union (search for similar items in EconPapers)
JEL-codes: C78 D60 J33 J51 L21 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2005-07-27
Note: Type of Document - pdf; pages: 8
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwppe:0507014

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