Training and Product Quality in Unionized Oligopolies
Bibliographic Data
| ID | 9726260 |
|---|---|
| Authors | Emanuele Bacchiega (0000-0002-7822-6486, Università di Bologna Italy), Antonio Minniti (0000-0001-8308-637X, Università di Bologna Italy) |
| Year | 2015 |
| Volume | 82 |
| Issue | s1 |
| Pages | 1261-1301 |
| Publication date | 2015-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ecca.12148 |
| OpenAlex | W3124859534 |
| Language | EN |
| References cited | 44 |
In this paper we analyse the private and public incentives towards skill acquisition when the skill level of workers determines the quality level of goods, and both labour and product markets are non‐competitive. We show that both ‘pure’ (set by either firms or unions only) and ‘mixed’ (set by firms and unions) training scenarios may emerge at equilibrium. We show that firms have generally greater training incentives than unions, resulting in a higher product quality. Our welfare analysis shows that both unions and firms underinvest in training in comparison with the social optimum
Business · Cournot competition · Differential (mechanical device) · Dreyfus model of skill acquisition · Economics · Empirical evidence · Incentive · Labour economics · Margin (machine learning) · Microeconomics · Oligopoly · Product (mathematics) · Product market · Quality (philosophy) · Set (abstract data type) · Training (meteorology) · Wage · Workforce · Labor market dynamics and wage inequality · Labor Movements and Unions · Merger and Competition Analysis
Prices, Plant Size, and Product Quality
Across-Product Versus Within-Product Specialization in International Trade
Why Do Firms Train? Theory and Evidence
Longitudinal Analyses of the Effects of Trade Unions
Monopoly and product quality
The Effect of Unions on the Structure of Wages
Who should invest in specific training
The Structure of Wages and Investment in General Training
Worker‐financed versus Firm‐sponsored Training
Efficient Ways to Finance Human Capital Investments
Beyond Becker
How trade unions increase welfare
Unions and Efficient Training
Union Wage Strategies and International Trade
Unionism and the Dispersion of Wages
| Citation velocity | historical |
|---|---|
| Highly cited | No |