Corporatism Or Competition
Download and Read Corporatism Or Competition full books in PDF, ePUB, and Kindle. Read online free Corporatism Or Competition ebook anywhere anytime directly on your device. We cannot guarantee that every ebooks is available!
Corporatism Or Competition?
Author | : Coen Teulings |
Publisher | : Cambridge University Press |
Total Pages | : 364 |
Release | : 1998-09-17 |
Genre | : Business & Economics |
ISBN | : 0521590736 |
Download Corporatism Or Competition? Book in PDF, Epub and Kindle
The authors present important research showing that corporatist institutions generate smaller non-competitive wage differentials than a decentralized system. A theoretical explanation is developed based on the hold-up problem in investments, arguing that corporatist institutions solve the problem by specifying ex ante nominal contracts that remove the necessity of ex post bargaining over the surplus of an employment relationship. The authors also argue that such institutions allow sufficient flexibility to accommodate aggregate shocks, even more so than decentralized systems. Corporatism or Competition? is the first book to bring together the mass of research on comparative wage differences, wage movements and employment behaviour in different countries with different institutional frameworks, in an organized and coherent fashion.
Corporatism Or Competition? Related Books
Pages: 364
Pages: 394
Pages: 346
Pages: 0
Pages: 598