Efficient Bargaining Research Articles

On the Economics of Compliance with the Minimum Wage Law

This paper reexamines the issues of compliance with and enforcement of the minimum wage law recently addressed in this Journal by Ashenfelter and Smith and by Grenier. Pursuing a more rigorous methodology we are able to add new general conclusions, and correct and reconcile some previous conflicting conclusions concerning the role of the disparity between the minimum and free market wages, the level and elasticity of labor demand, and the magnitude of deterring monetary sanctions on the noncompliance decision. Our formulation also addresses the law evasion (reduced wages) as well as the law avoidance (modified employment) aspects of the noncompliance decision, which previous formulations have ignored.

Monopoly unions versus efficient bargaining with free entry

We show that with free worker entry into the union sector, the ‘efficient bargains’ solution always yields less efficient outcomes than the monopoly union solution, provided that the union's bargaining strength is above some minimum level.

Management Efficiency and Collective Bargaining

Discusses the effect of collective bargaining practices on management prerogatives in the U.S. Determination of work-rules; Control of work force; Concerns regarding job standards and production incentives; Rates of labor turnover. (Abstract copyright EBSCO.)

Management Efficiency and Collective Bargaining

Management Efficiency and Collective Bargaining