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| Author: | Clark, S. |
| Title: | Strike behavior when market share matters |
| Journal: | Oxford Economic Papers
1996 : OCT, VOL. 48:4, p. 618-639 |
| Index terms: | ECONOMICS STRIKES MARKET SHARE |
| Language: | eng |
| Abstract: | This paper analyses the dynamics of strike incidence when a firm's market share affects its future profitability. INVENTORIES accumulation is assumed to be impossible, so during a strike sales are zero, thereby reducing future demand. Anticipation of the future effects of a strike leads to lower wage settlements and a lower probability of disagreement. Thus strike incidence is reduced. Furthermore a recent strike may make a further one less or more likely, depending on the union's reservation wage and the precise way that market share evolves. |
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