Delegation, Union Leaders and Capital Allocation
This paper looks upon the effects of delegation of the bargaining process within unions. It investigates the allocation of capital when investment is sunk and there is an absence of binding contracts. Although capital investment is inefficient, capital allocation can be improved by precommitment. St...
|Main Author:||Skåtun, John Douglas F|
|Place of publication:||
Oxford, UK and Boston, USA Blackwell Publishers Ltd 01.07.1997
|published in:||Labour (Rome, Italy) Vol. 11; no. 2; pp. 249 - 264|
|Data of publication:||July 1997|
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