Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 3 of 3
Full-Text Articles in Social and Behavioral Sciences
Review Of Mastered By The Clock: Time, Slavery, And Freedom In The American South By Mark M. Smith, Jeffrey Rogers Hummel
Review Of Mastered By The Clock: Time, Slavery, And Freedom In The American South By Mark M. Smith, Jeffrey Rogers Hummel
Faculty Publications
No abstract provided.
Self-Enforcing Union Contracts: Efficient Investment And Employment, John T. Addison, John B. Chilton
Self-Enforcing Union Contracts: Efficient Investment And Employment, John T. Addison, John B. Chilton
Faculty Publications
Baldwin (1983) asks whether a firm can credibly deter union opportunism that would lead to underinvestment. We show that the punishments Baldwin considers credible exclude tougher threats that only have the appearance of being self-destructive. If the firm's discount factor is sufficiently close to one, union opportunism can indeed be deterred. Moreover, we show that given the firm's discount factor, a shorter lifetime of capital does not necessarily promote efficiency. Although, as Baldwin emphasizes, it does enhance the firm's ability to punish union opportunism, it also creates adverse incentives for the firm to engage in opportunistic employment cuts.
Reflections On Britain's Research Assessment Exercise, Jayne W. Barnard
Reflections On Britain's Research Assessment Exercise, Jayne W. Barnard
Faculty Publications
No abstract provided.