Profit sharing as entry deterrence mechanism
In a right-to-manage framework, this paper analyzes the optimal choice of the pay scheme (profit sharing vs. fixed wage) in a unionized duopoly with potential market entry and decentralized bargaining. The paper shows that, depending on the institutional features, both pay systems can arise as equil...
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| Format: | article |
| Language: | eng |
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2018
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| Online Access: | http://hdl.handle.net/10400.5/15739 |
| Country: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/15739 |