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...

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Bibliographic details
Volume: 11
Main Author: Skåtun, John Douglas F
Format: Journal Article
Language: English
Place of publication: CEIS, Fondazione Giacomo Brodolini 1997
published in: LABOUR Vol. 11; no. 2; pp. 249 - 264
Data of publication: 1997
Series: LABOUR
Online Access: available in Bonn?
Database: RePEc
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