Trade Unions and the Choice of Capital Stock
研究企业在工会设定工资的情况下如何选择资本存量，分析工会与企业的战略互动对就业、工资和资本的影响。
This paper considers the interaction between a firm and trade union in determining employment, wages and capital stock. We take the monopoly trade union model of Oswald (1982), where the union sets the wage, and add the firms choice of capital stock. The standard predictions of the union literature are highly dependent on the degree of strategic dominance of the union vis a vis the firm.