Hirsch develops a model of union rent-seeking in which the unions capture a share of quasi-rents that make up the normal ROI in long-lived capital and R&D. He finds that in response, firms adjust their investments in vulnerable tangible and intangible capital. Hirsch also attempts to explain the connection between the contraction of the size of unions which occurred in the 1970s and firms’ lower profitability, diminished market value, and lower investment levels.
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Biçim PDF ● Sayfalar 142 ● ISBN 9780585283005 ● Yayımcı W.E. Upjohn Institute ● Yayınlanan 1991 ● İndirilebilir 3 kez ● Döviz EUR ● Kimlik 6556603 ● Kopya koruma Adobe DRM
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