Suppose that the employer concession schedule is W = 1 + .02S and the union resistance curve

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Suppose that the employer concession schedule is W = 1 + .02S and the union resistance curve is W = 5 + .02S - .01S2, where W = the percentage wage increase and S = the expected strike length in days.

Using Hicks’s simplest model, determine the length of the strike and the percentage wage increase.

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Modern Labor Economics Theory And Public Policy

ISBN: 9780132540643

11th Edition

Authors: Ronald Ehrenberg, Robert Smith

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Question Posted: Feb 10, 2024 07:00 AM

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Suppose that the employer concession schedule is W = 1 + .02S and the union resistance curve

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Modern Labor Economics Theory And Public Policy

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