Learning in Sequential Wage Negotiations: Theory and Evidence
研究工会与企业序列谈判时，后谈判方通过观察前序结果获取信息，理论预测后谈判方罢工更少，并用加拿大合同谈判面板数据验证。
When union-firm pairs bargain sequentially, and when unobserved components of firms' abilities to pay are subject to correlated shocks, unions that bargain later in a sequence can acquire valuable information by observing previous bargaining outcomes in their industry. The authors derive the implications of this kind of learning in an asymmetric information model of wage negotiations and argue that the most robust implication is a lower incidence of strikes among 'followers' than 'leaders' in wage negotiations. Considerable empirical support for this implication is found in a long panel of Canadian contract negotiations. Copyright 1999 by University of Chicago Press.