Swint, J. Michael; Nelson, William B.
October 1978
ILR Review;Oct78, Vol. 32 Issue 1, p56
Academic Journal
The article examines a collective bargaining model to have a better understanding of the duration of strikes and lockouts. The model assumes that the negotiators of the labor union and the management always maintain a partnership in which they make use of their joint utility within the limitations imposed by the market and their constituents' expectations. Data for the 1953-1970 period of the private nonagricultural sector was used in testing the model. Ever since, economists have focused with the creation of bargaining theory. By this, they just examined the bargaining process as a bilateral monopoly confrontation.


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