Entry Threats and Inefficiency in `Efficient Bargaining'
(2015)
Journal Article
Pal, R., & Saha, B. (2016). Entry Threats and Inefficiency in `Efficient Bargaining'. Scottish Journal of Political Economy, 63(3), 258-277. https://doi.org/10.1111/sjpe.12091
We study limit pricing in a model of entry with asymmetric information, where the incumbent firm's wage is endogenously determined through ‘efficient bargaining’ with its union. In the presence of entry threat, the incumbent firm-union pair may face... Read More about Entry Threats and Inefficiency in `Efficient Bargaining'.