Question 1

Ashenfelter and Johnson's (1969) 'political' model of strikes predicts that strikes will be more likely

Accepted Answer

A)  when joint strike costs are highest 
B)  the greater the firm's product price 
C)  the greater the volume of information to be communicated between negotiators 
D)  the lower the union's initial acceptable wage 
A)  when joint strike costs are highest 
B)  the greater the firm's product price 
C)  the greater the volume of information to be communicated between negotiators 
D)  the lower the union's initial acceptable wage B

Question 2

Ceteris paribus, in which of the following situations would a strike likely be a more effective weapon for unions?

Accepted Answer

A)  tthe firm's production function is homothetic 
B)  the firm's output is non-perishable 
C)  the firm's production method requires the use of specialised labour 
D)  the firm faces operates in a highly competitive product market 
A)  tthe firm's production function is homothetic 
B)  the firm's output is non-perishable 
C)  the firm's production method requires the use of specialised labour 
D)  the firm faces operates in a highly competitive product market C

Question 3

The 'Hicks paradox' describes which of the following?

Accepted Answer

A)  the sharing of wage increases secured by strikes with non-members 
B)  the sub-optimal nature of strikes given the same outcome might have been secured without the costs to both sides of a strike 
C)  the falling number of strikes in the UK alongside a growth in individual forms of conflict 
D)  the lower incidence of strikes under secret ballot arrangements 
A)  the sharing of wage increases secured by strikes with non-members 
B)  the sub-optimal nature of strikes given the same outcome might have been secured without the costs to both sides of a strike 
C)  the falling number of strikes in the UK alongside a growth in individual forms of conflict 
D)  the lower incidence of strikes under secret ballot arrangements B

Question 4

Which of the following best describes the broad consensus about the relationship between strike measures and the economic cycle?

Accepted Answer

A)  strike incidence is counter-cyclical and strike duration is pro-cyclical 
B)  strike incidence is pro-cyclical and strike duration is counter-cyclical 
C)  both strike incidence and strike duration are counter-cyclical 
D)  both strike incidence and strike duration are pro-cyclical 
A)  strike incidence is counter-cyclical and strike duration is pro-cyclical 
B)  strike incidence is pro-cyclical and strike duration is counter-cyclical 
C)  both strike incidence and strike duration are counter-cyclical 
D)  both strike incidence and strike duration are pro-cyclical

Question 5

Reder and Neumann's (1980) model of strikes emphasises the role of which of the following?

Accepted Answer

A)  principal-agent issues 
B)  asymmetric information 
C)  negotiating period length 
D)  bargaining protocols 
A)  principal-agent issues 
B)  asymmetric information 
C)  negotiating period length 
D)  bargaining protocols

Question 6

In Naylor's social custom model of individual strike participation, what will be the effect of an increase in the disutility of disobeying the social custom for non believers (g Ì…)?

Accepted Answer

A)  the range of potential equilibria expands 
B)  the range of potential equilibria diminishes 
C)  the range of potential equilibria is unaffected 
D)  it is not possible to determine the effect on the range of potential equilibria 
A)  the range of potential equilibria expands 
B)  the range of potential equilibria diminishes 
C)  the range of potential equilibria is unaffected 
D)  it is not possible to determine the effect on the range of potential equilibria

Question 7

Which of the following would be expected to make settlement less likely in models of individual conflict bargaining?

Accepted Answer

A)  decreased court costs 
B)  low levels of risk aversion 
C)  over-optimism 
D)  all of the above 
A)  decreased court costs 
B)  low levels of risk aversion 
C)  over-optimism 
D)  all of the above

Question 8

According to Saridakis et al. (2008), small firms are?

Accepted Answer

A)  less likely to be the subject of an ET claim and more likely to lose at a hearing 
B)  more likely to be the subject of an ET claim and more likely to lose at a hearing 
C)  less likely to be the subject of an ET claim and less likely to lose at a hearing 
D)  more likely to be the subject of an ET claim and less likely to lose at a hearing 
A)  less likely to be the subject of an ET claim and more likely to lose at a hearing 
B)  more likely to be the subject of an ET claim and more likely to lose at a hearing 
C)  less likely to be the subject of an ET claim and less likely to lose at a hearing 
D)  more likely to be the subject of an ET claim and less likely to lose at a hearing

Ashenfelter and Johnson's (1969) 'political' model of strikes predicts that strikes will be more likely

Ceteris paribus, in which of the following situations would a strike likely be a more effective weapon for unions?

The 'Hicks paradox' describes which of the following?

Which of the following best describes the broad consensus about the relationship between strike measures and the economic cycle?

Reder and Neumann's (1980) model of strikes emphasises the role of which of the following?

In Naylor's social custom model of individual strike participation, what will be the effect of an increase in the disutility of disobeying the social custom for non believers (g Ì…)?

Which of the following would be expected to make settlement less likely in models of individual conflict bargaining?

According to Saridakis et al. (2008), small firms are?

Labour Force Participation

The Labour Supply Curve

Investment in Human Capital

The Demand for Labour; Changing Jobs: The Economics of Job Search

Extensions of Labour Demand: Mismatches in the Labour Market

Trade Unions

The Structure of Labour Markets

Wage Incentives

Labour Market Policy

Filters

Exam 7: Bargaining and Conflict

Ashenfelter and Johnson's (1969) 'political' model of strikes predicts that strikes will be more likely

Ceteris paribus, in which of the following situations would a strike likely be a more effective weapon for unions?

The 'Hicks paradox' describes which of the following?

Which of the following best describes the broad consensus about the relationship between strike measures and the economic cycle?

Reder and Neumann's (1980) model of strikes emphasises the role of which of the following?

In Naylor's social custom model of individual strike participation, what will be the effect of an increase in the disutility of disobeying the social custom for non believers (g Ì…)?

Which of the following would be expected to make settlement less likely in models of individual conflict bargaining?

According to Saridakis et al. (2008), small firms are?

Labour Force Participation

The Labour Supply Curve

Investment in Human Capital

The Demand for Labour; Changing Jobs: The Economics of Job Search

Extensions of Labour Demand: Mismatches in the Labour Market

Trade Unions

The Structure of Labour Markets

Wage Incentives

Labour Market Policy

Filters