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Title: Innovation in a unionised labour market
Author: Basak, Debasmita
Awarding Body: University of Nottingham
Current Institution: University of Nottingham
Date of Award: 2013
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The purpose of this thesis is to investigate theoretically how labour union intervention affects the innovation decisions of the firms. In particular, we show how different unionisation structure and union bargaining power affect the incentive for product and process innovation. We also show how patent protection affects the incentive for innovation in a unionised labour market. Our analysis focuses on factors which were not considered in the earlier studies and may have significant effects on firms' R&D decisions. To derive our results we use an oligopolistic structure where the firms make R&D efforts either in terms of product innovation or in terms of process innovation. The firms hire workers from the labour unions and their innovation decisions are affected by means of wage bargaining process of the unions. The results suggest that although there are cases where the absence of labour union interventions boosts R&D investments compared to the case where there are no labour union; the results could be reversed with the varied density of market saturation, degree of product differentiation, type of product market competition and the degree of unions' wage bargaining power. Our results provide theoretical justifications to some underlying empirical findings. Also, we hope that the derived results will encourage further work in this line of literature.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available