Goods Production

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Daniel Cardona - One of the best experts on this subject based on the ideXlab platform.

  • Unions, Qualification Choice, and Output
    Social Science Research Network, 2008
    Co-Authors: Daniel Cardona, Fernando Sánchez Losada
    Abstract:

    The purpose of this paper is to analyse the impact of the unions' bargaining power on Production and wages. In our model a competitive final good is produced from two substitutable intermediate Goods. One of them is produced in a unionized unskilled sector and the other in a unionized skilled one. Potential workers decide at their cost to become skilled or remain unskilled and, thus, labor supplies are determined endogenously. We find that in a right-to-manage bargaining framework, the reallocation of the labor supplies due to a change in the unskilled (or skilled) unions' bargaining power may have a positive impact on the final Goods Production. At the same time, total labor earnings increase with the unskilled unions' bargaining power if the final Goods Production increases too. We also show that minimum wage legislation is equivalent in its effects to an increase in the bargaining power of the unskilled unions. However, in an efficient bargaining framework, an increase in the unskilled (or skilled) unions' bargaining power has always a negative impact on the final Goods Production.

  • Unions, qualification choice, and output
    Oxford Economic Papers, 2006
    Co-Authors: Daniel Cardona, Fernando Sánchez-losada
    Abstract:

    The purpose of this paper is to analyse the impact of the unions' bargaining power on Production and wages. In our model a competitive final good is produced from two substitutable intermediate Goods. One of them is produced in a unionized unskilled sector and the other in a unionized skilled one. Potential workers decide at their cost to become skilled or remain unskilled and, thus, labor supplies are determined endogenously. We find that in a right-to-manage bargaining framework, the reallocation of the labor supplies due to a change in the unskilled (or skilled) unions' bargaining power may have a positive impact on the final Goods Production. At the same time, total labor earnings increase with the unskilled unions' bargaining power if the final Goods Production increases too. We also show that minimum wage legislation is equivalent in its effects to an increase in the bargaining power of the unskilled unions. However, in an efficient bargaining framework, an increase in the unskilled (or skilled) unions' bargaining power has always a negative impact on the final Goods Production. Copyright 2006, Oxford University Press.

Fernando Sánchez Losada - One of the best experts on this subject based on the ideXlab platform.

  • Unions, Qualification Choice, and Output
    Social Science Research Network, 2008
    Co-Authors: Daniel Cardona, Fernando Sánchez Losada
    Abstract:

    The purpose of this paper is to analyse the impact of the unions' bargaining power on Production and wages. In our model a competitive final good is produced from two substitutable intermediate Goods. One of them is produced in a unionized unskilled sector and the other in a unionized skilled one. Potential workers decide at their cost to become skilled or remain unskilled and, thus, labor supplies are determined endogenously. We find that in a right-to-manage bargaining framework, the reallocation of the labor supplies due to a change in the unskilled (or skilled) unions' bargaining power may have a positive impact on the final Goods Production. At the same time, total labor earnings increase with the unskilled unions' bargaining power if the final Goods Production increases too. We also show that minimum wage legislation is equivalent in its effects to an increase in the bargaining power of the unskilled unions. However, in an efficient bargaining framework, an increase in the unskilled (or skilled) unions' bargaining power has always a negative impact on the final Goods Production.

Fernando Sánchez-losada - One of the best experts on this subject based on the ideXlab platform.

  • Unions, qualification choice, and output
    Oxford Economic Papers, 2006
    Co-Authors: Daniel Cardona, Fernando Sánchez-losada
    Abstract:

    The purpose of this paper is to analyse the impact of the unions' bargaining power on Production and wages. In our model a competitive final good is produced from two substitutable intermediate Goods. One of them is produced in a unionized unskilled sector and the other in a unionized skilled one. Potential workers decide at their cost to become skilled or remain unskilled and, thus, labor supplies are determined endogenously. We find that in a right-to-manage bargaining framework, the reallocation of the labor supplies due to a change in the unskilled (or skilled) unions' bargaining power may have a positive impact on the final Goods Production. At the same time, total labor earnings increase with the unskilled unions' bargaining power if the final Goods Production increases too. We also show that minimum wage legislation is equivalent in its effects to an increase in the bargaining power of the unskilled unions. However, in an efficient bargaining framework, an increase in the unskilled (or skilled) unions' bargaining power has always a negative impact on the final Goods Production. Copyright 2006, Oxford University Press.

Kelle Howson - One of the best experts on this subject based on the ideXlab platform.

Michael Lundholm - One of the best experts on this subject based on the ideXlab platform.

  • Decentralizing Public Goods Production
    Journal of Public Economic Theory, 2008
    Co-Authors: Michael Lundholm
    Abstract:

    Decentralized decisions, to a bureau with a given budget, about the Production of public Goods is analyzed within a general equilibrium model with a representative agent and no pure profits. Contrary to previous results on decentralization it is shown that sequential decentralization (i) does not necessarily imply aggregate Production efficiency and (ii) need not be optimal even if all public Goods are neutral. Also, cost-benefit criteria are derived and the marginal cost of public funds is characterized.

  • Decentralising Public Goods Production
    2004
    Co-Authors: Michael Lundholm
    Abstract:

    Decentralised decisions, to a bureau with a given budget, about the Production of public Goods is analysed within a general equilibrium model with a representative agent and no pure profits. It is shown that decentralisation (i) does not necessarily imply aggregate Production effciency and (ii) need not be optimal even if all public Goods are neutral. Also, cost benefit criteria are derived and the marginal cost of public funds is characterised.