Strikes and Holdouts in Wage Bargaining: Theory and Data

dc.contributor.authorCramton, Peter
dc.contributor.authorTracy, Joseph S.
dc.date.accessioned2007-08-08T13:52:34Z
dc.date.available2007-08-08T13:52:34Z
dc.date.issued2002-04
dc.description.abstractWe develop a private-information model of union contract negotiations in which disputes signal a firm’s willingness to pay. Previous models have assumed that all labor disputes take the form of a strike. Yet a prominent feature of U.S. collective bargaining is the holdout: negotiations often continue without a strike after the contract has expired. Production continues with workers paid according to the expired contract. We analyze the union’s decision to strike or hold out and highlight its importance to strike activity. Strikes are more likely to occur after a drop in the real wage or a decline in unemployment.
dc.format.extent189128 bytes
dc.format.mimetypeapplication/pdf
dc.identifier.citation"Strikes and Holdouts in Wage Bargaining: Theory and Data," (with Joseph S. Tracy) American Economic Review, 82, 100–121, 1992. Reprinted in Bengt Holmstrom, Paul Milgrom, and Alvin E. Roth (eds.), Game Theory in the Tradition of Bob Wilson, Berkeley Electronic Press, www.bepress.com/wilson, May 2002.
dc.identifier.urihttp://hdl.handle.net/1903/7074
dc.language.isoen_USen
dc.publisherAmerican Economic Association
dc.relation.isAvailableAtDigital Repository at the University of Marylanden_us
dc.relation.isAvailableAtEconomics Departmenten_us
dc.relation.isAvailableAtCollege of Behavioral and Social Sciencesen_us
dc.relation.isAvailableAtUniversity of Maryland (College Park, Md.)en_us
dc.subjectstrikesen
dc.subjectcollective bargainingen
dc.subjectcontract negotiations
dc.subjectlabor disputes
dc.subjectlabor unions
dc.titleStrikes and Holdouts in Wage Bargaining: Theory and Dataen
dc.typeArticleen

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