Unionized oligopoly,labor-management cooperation,and international competitiveness

In a model of a duopolistic product market with a unionized labor force, this paper explores the interaction between firms' duopolistic behavior and union-firm bargaining. In a two-union/two-firm setting, we show that adopting efficient bargaining can improve a firm's competitiveness as well as efficiency, and it arises in equilibrium; while in a one-union/two-firm set-up, we find that an industry union prefers wage bargaining. However, when foreign competition in the product market intensifies, even the industry union prefers efficient bargaining. As an application, the analysis may explain differences in international competitiveness and the recent trend toward labor-management cooperation in the labor market.     

吴小莉：祝全球华人平安！——当大事发生时我存在，有中国人的地方就有我!

凤凰资讯台从开播到现在有四年的时问了，刚开始只有北京、上海、深圳、台湾、香港、美国、英国有记者站，现在俄罗斯、法国、澳大利亚都有记者站，马来西亚记者站正在设立中，中东、日本也设有特约记者。凤凰是一个特殊的平台，以前大家各自都有不同的专业，生活在不同的环境中，但在进入凤凰之后，大家都需要学习凤凰的语言，用凤凰的     

Accounting for Stability

There is no consensus about the causes of the reduction in businesscycle volatility seen in many major economies over the lastdecade. Using stylised models of the economies of the US, Euroarea, UK and Japan, we argue that economic stability has beenfostered by improved monetary policy and by associated changesin the behaviour of inflation, which has itself led to a reductionin the volatility of economic shocks. Our projections suggestthat a number of major economies could continue to enjoy anunusual degree of stability, granted average luck and currentinstitutions. (JEL E3, E52, F01)     

Firing Blanks? An Analysis of Discursive Struggle in HRM

ABSTRACT   We revisit Karen Legge's (2001 ) critique of HRM in which she argues that the attempt of modernist/positivist HRM research to show that HRM improves organizational performance is a 'spent round'. We note that despite spirited challenges by Legge and others, the discourse of HRM is becoming increasingly dominant. Accordingly, we use discourse analysis to examine why this might be the case. Specifically, we analyse the texts produced in the engagement between Karen Legge and David Guest to show how modernist/positivist texts like those of Guest have been successful in constructing an identity for HRM and embedding it in the broader academic discourse concerning the employment relationship, while critical researchers like Legge face a number of difficulties in producing 'counter-texts'.     

10大最具影响力人物

他们都被视为技术和商业领袖,伟大的思想照亮了整个电子工业. 很多有才气、有创造力、雄心勃勃和理想主义的人造就了我们如今看到的电子工业.美国著名的杂志在这些人中选取了10大最具影响力人物,他们在过去30年间给电子工业带来了广泛和深远的影响.     

THE MEDIUM TERM OUTLOOK

In this Forecast Release we consider the prospects for the economy after the present phase of cyclical recovery. Our central forecast, which we regard as the best medium-term planning assumption, is that the economy slows down to a sustainable growth rate of around 1% per cent. This is in line with the underlying growth of productive capacity but not sufficient to cure unemployment. We recognise that in practice the economy may be pushed away from the underlying growth trajectory by random shocks, and we look at three major risks surrounding the present forecast: a rise in the savings ratio; a slower world recovery; and a cut in investment. We contend that the most serious of these risks is to investment, since the company sector will face a major increase in its tax bill from 1985-6 onwards. A growth recession is thus distinctly possible in 1986, which could, for economic and electoral reasons, be the low point of the present cycle.