Call Boomerang Books 1300 36 33 32

Description - Corporatism or Competition? by Coen Teulings

The authors present important research showing that corporatist institutions generate smaller non-competitive wage differentials than a decentralized system. A theoretical explanation is developed based on the hold-up problem in investments, arguing that corporatist institutions solve the problem by specifying ex ante nominal contracts that remove the necessity of ex post bargaining over the surplus of an employment relationship. The authors also argue that such institutions allow sufficient flexibility to accommodate aggregate shocks, even more so than decentralized systems. Corporatism or Competition? is the first book to bring together the mass of research on comparative wage differences, wage movements and employment behaviour in different countries with different institutional frameworks, in an organized and coherent fashion.

Buy Corporatism or Competition? by Coen Teulings from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780521049399
ISBN-10: 0521049393
Format: Paperback / softback
(228mm x 152mm x 20mm)
Pages: 364
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 3-Dec-2007
Country of Publication: United Kingdom

Other Editions - Corporatism or Competition? by Coen Teulings

Book Reviews - Corporatism or Competition? by Coen Teulings

» Have you read this book? We'd like to know what you think about it - write a review about Corporatism or Competition? book by Coen Teulings and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review

Books By Coen Teulings

Corporatism or Competition? by Coen Teulings
Hardback, September 1998
$131.96 $149.95