Rationality at Work: Logics of Collective Action in the by Peter Doralt
By Peter Doralt
Salary surroundings preparations are broadly visible as key constituents to macro-economic luck. studying their micro-foundations is an pressing job. Drawing on a treasure chest of empirical insights gathered by means of different social scientists, this ground-breaking publication argues that economists have overlooked the institutional underpinning of salary bargaining at their peril. ranging from Olson's perception that employees and corporations usually fail to pursue their collective pursuits, the ebook explains how self-reinforcing results can advertise crew motion – and the way this contributed to the shifts in fortune of nations comparable to Sweden, eire and Austria. This ebook may still reason heated scholarly debates. however it assumes no past wisdom and is extremely readable. a brief foreword, principally self-contained chapters and a thesaurus make it effortless to navigate. The instruments it provides will turn out priceless to students, practitioners, policy-makers or certainly someone attracted to the industrial results of unions and corporation institutions.
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Extra info for Rationality at Work: Logics of Collective Action in the Labour Market
Such holdouts could be absolutely disastrous when there is no jointness, as in the case, considered above, of oligopolistic firms trying to restrict their combined output. In the absence of capacity constraints, a non-colluding firm could simply flood the market. In contrast, even if only some of the largest firms lobby the government for a tariff, they might well succeed (which might incidentally facilitate collusion within the country too100). As Marwell and Oliver (1993, pp. 44) correctly point out, many, if not most, non-excludable collective goods, such as lobbying the government to pass cer96 97 98 99 100 Marwell, G.
Contrary to some claims in the literature, Olson’s argument is correct on its own terms (see below box). The likelihood and efficacy of collective action dramatically decreases with group size if members have to share the benefits of their collective efforts, and if the marginal costs of each unit of the collective good received are constant or increasing. As we shall see, his critics are on firmer ground, when they argue that these implicit assumptions are less general than he claimed, and that dropping the second assumption in particular yields completely different dynamics.
And Holt, C. (1993, p. 325). We will briefly return to the experimental evidence in section 4 of the next chapter. Heller, J. (1961, p. 107). Relaxing Olson’s assumptions: the preconditions for critical mass effects 37 The point is, of course, as both Olson and earlier writers on public finances clearly saw it, that individuals will only contribute to the common good if their own contributions have a sufficiently positive effect on their own welfare. When we add jointness to the analysis, group size has both positive and negative effects.