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Union Bargaining Models
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Expression 9: gamma equals 0.5
γ
=
0
.
5
0
0
1
1
9
Specifications from "AN INTEGRATION OF TRADE UNION MODELS IN A SEQUENTIAL BARGAINING FRAMEWORK" (Alan Manning, 1987)
Specifications from "AN INTEGRATION OF TRADE UNION MODELS IN A SEQUENTIAL BARGAINING FRAMEWORK" (Alan Manning, 1987)
10
Expression 11: "U" left parenthesis, "w" , "L" , right parenthesis equals "L" left parenthesis, "w" minus "b" , right parenthesis
U
w
,
L
=
L
w
−
b
11
Expression 12: "V" left parenthesis, "w" , "L" , right parenthesis equals "f" left parenthesis, "L" , right parenthesis minus "w" "L"
V
w
,
L
=
f
L
−
w
L
12
Expression 13: "f" left parenthesis, "L" , right parenthesis equals "L" Superscript, alpha , Baseline
f
L
=
L
α
13
Monopoly Union Model
Monopoly Union Model
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14
Right-to-Manage
Right-to-Manage
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24
Efficient Bargaining
Efficient Bargaining
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35
Welfare Analysis
Welfare Analysis
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45
49
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"L" Subscript, "M" "o" "n" "o" , Baseline * undefined
L
*
M
o
n
o
"L" Subscript, "R" "T" "M" , Baseline * undefined
L
*
R
T
M
"w" Subscript, "R" "T" "M" , Baseline * undefined
w
*
R
T
M
"L" Subscript, "E" "f" "f" "i" "c" "i" "e" "n" "t" , Baseline * undefined
L
*
E
f
f
i
c
i
e
n
t
Right-to-Manage best for workers
"x"
x
"y"
y
"a" squared
a
2
"a" Superscript, "b" , Baseline
a
b
7
7
8
8
9
9
over
÷
functions
(
(
)
)
less than
<
greater than
>
4
4
5
5
6
6
times
×
| "a" |
|
a
|
,
,
less than or equal to
≤
greater than or equal to
≥
1
1
2
2
3
3
negative
−
A B C
StartRoot, , EndRoot
pi
π
0
0
.
.
equals
=
positive
+
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