An ultimatum wage bargaining experiment on trade union efficiency
Journal
Bulletin of Economic Research
Date Issued
October 2013
DOI
10.1111/j.1467-8586.2011.00406.x
Abstract
We present an ultimatum wage bargaining experiment showing that a trade union facilitating non-binding communication among workers, raises wages by simultaneously increasing employers' posted offers and toughening the bargaining position of employees, without reducing overall market efficiency. © 2011 John Wiley & Sons Ltd and the Board of Trustees of the Bulletin of Economic Research.