The United Mine Workers (UMW) and the Association of Coal Producers are attempting to negotiate a new
Question:
a. Under an efficient agreement, how should the parties decide the right-to-strike and reserved-work issues?
b. As a variation on this example, suppose the current administration in Washington has invoked emergency legislation to freeze mining wages (as well as other prices and wages in the economy). The result is that the right-to-strike and reserved-work clauses are the only issues under negotiation; any wage change is prohibited. Now how should the parties decide these issues to mutual advantage?
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Related Book For
Managerial economics
ISBN: 978-1118041581
7th edition
Authors: william f. samuelson stephen g. marks
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