Construct · 1 fields · 1 citations

bargaining power: a standalone construct

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Industrial relations

the ability of one party to secure agreement on its own terms, defined by the source through the relative costs to each side of agreeing versus disagreeing.

In industrial relations, bargaining power refers to the ability of one party to secure agreement on its own terms, defined by the source through the relative costs to each side of agreeing versus disagreeing. This meaning comes from Chamberlain (1951) in Collective bargaining.[1]

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Nearby constructs

adhesion4 fields · 4 citationsjingle · one word, four constructs agreement4 fields · 7 citationsjingle · one word, four constructs bargaining1 fields · 2 citationsanchor · game theory

References

Chamberlain, N. W. (1951). Collective bargaining. McGraw-Hill. ISBN 9780070104419

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