Do works councils inhibit investment?
"Theory suggests that firms confront a hold-up problem in dealing with workplace unionism: unions will appropriate a portion of the quasi rents stemming from long-lived capital. As a result, firms may be expected to limit their exposure to rent seeking by reducing investments, among other thing...
Main Authors: | Addison, John T., Schank, Thorsten, Schnabel, Claus, Wagner, Joachim |
---|---|
Institution: | ETUI-European Trade Union Institute |
Format: | TEXT |
Language: | English |
Published: |
Bonn
2005
IZA |
Subjects: | |
Online Access: | https://www.labourline.org/KENTIKA-19296286124910144689-Do-works-councils-inhibit-inve.htm |
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