Investment and technological choice in a right-to-manage model

Abstract

putty-clay technology, wage bargaining, union power, JEL classification, J51, D21,

Centralised Labour Market Negotiations

“…Hoel (1990) andFagnart and Germain (1997) consider models with (long-run) investments where the amount of capital has to be determined previous to wage-negotiations (right-to-manage model); andCripps (1997) analyses the equilibrium timing of investment decision and wage bargaining under uncertainty.…”