Haku
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A monopoly union model of wage determination with taxes and endogenous capital stock : an empirical application to the finnish manufacturing industry
(21.11.1990)
Bank of Finland Research Discussion Papers 24/1990
Bank of Finland Research Discussion Papers 24/1990
The paper formulates a model of wage determination in accordance with the notion of a monopoly union determining wages after which the firm decides on employment. The novelty is to incorporate investment and capital decisions ...