Generalized Xxxx Bargaining and The Disagreement Payoffs Sample Clauses

Generalized Xxxx Bargaining and The Disagreement Payoffs. If P files a suit against D and both parties pay their pretrial negotiating costs, a pretrial bargaining negotiation becomes feasible. The game moves to t = 3, and we are at the top right-most node in Figure 1. To conclude the description of the model, we need to flesh out what happens following this node. The parties will bargain over the surplus created by avoiding a costly trial, namely cT = cPT + cTD. In the generalized Xxxx bargaining, the respective bargaining powers of P and D are denoted by β and 1 − β. The dotted lines branching out of the top right-most node in Figure 1 should be interpreted as follows. As the time to strike a bargain approaches the process can in principle break down, and the parties will obtain their disagreement payoffs.9 However, should the Xxxx bargaining veer towards the disagreement, P always retains the option of dropping the suit. If P decides not to drop the suit, it will be litigated in Court, and the disagreement payoffs for P and D will therefore be I − cAP −cPT and −I − cDA −cDT respectively. If instead P drops the suit, he will incur an additional cost of cDP , but there will be no transfer between the parties. Given the costs already incurred in this case the disagreement payoffs for P and D will therefore be −cPA −cPD and −cDA respectively. Given the payoffs we have just computed, it follows that, should the generalized Xxxx bargaining break down,10 P will not drop the suit and actually go to Court if and only if11
Sample 1
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Related to Generalized Xxxx Bargaining and The Disagreement Payoffs

  • LABOUR MANAGEMENT BARGAINING RELATIONS 9.1 No employee or group of employees shall undertake to represent the Association at meetings with the Employer without the authority of the President or the General Secretary acting on behalf of the Association.

  • Settlement of Disputes between the Contracting Parties 1. Disputes between the Contracting Parties concerning the interpretation or application of this Agreement should, if possible, be settled through diplomatic channels.

  • EXCLUSIONS FROM THE BARGAINING UNIT 1. Any position that is currently included in the bargaining unit may not be excluded from the bargaining unit without the agreement of the parties.

  • Positions outside the Bargaining Unit (a) An employee may substitute temporarily in a position outside the bargaining unit for up to fifteen (15) months from the date of the assignment. Bargaining unit employees shall be given the first opportunity to fill the resulting vacancy. The employee shall have the right to return to her or his bargaining unit position prior to the expiry of the fifteen (15) month period by giving the Employer six (6) weeks’ notice. Where an employee is backfilling outside of the bargaining unit for purposes of pregnancy and/or parental leave, the period of time will be extended up to nineteen (19) months from the date of the assignment. An employee who remains outside of the bargaining unit beyond the period covered by this article shall lose all seniority. When the employee returns to the bargaining unit, all other employee(s) shall revert to their previous positions. An employee must remain in the bargaining unit for a period of at least three (3) months before transferring out of the bargaining unit again or she or he will lose all seniority held at the time of the subsequent transfer unless the parties agree otherwise.

  • Bargaining Unit Information The Employer agrees to provide the Union such information relating to Employees in the bargaining unit as may be required by the Union for the purpose of collective bargaining.

  • Transfer and Seniority Outside the Bargaining Unit (a) It is understood that an employee shall not be transferred by the Hospital to a position outside the bargaining unit without his consent except in the case of temporary assignments not exceeding six (6) months. Such employees on temporary assignments shall remain members of the bargaining unit.

  • Transfer and Seniority Outside Bargaining Unit No employee shall be transferred to a position outside the bargaining unit without his consent. If an employee is transferred to a position outside of the bargaining unit, he shall retain his seniority accumulated up to the date of leaving the unit, but will not accumulate any further seniority. If such an employee returns to the bargaining unit within twelve (12) months, he shall be placed in a job consistent with his seniority. Such return shall not result in the layoff or bumping of an employee holding greater seniority.

  • Disputes between the Contracting Parties 1. Any dispute between the Contracting Parties concerning the interpretation or application of this Agreement shall, as far as possible, be settled through negotiation.

  • Settlement of Disputes between Contracting Parties (1) Disputes between Contracting Parties regarding the interpretation or application of the provisions of this Agreement shall be settled through official channels.

  • Transfer outside of the Bargaining Unit (a) A nurse who is transferred to a position outside of the bargaining unit for a period of not more than three (3) months, or is seconded to teach for an academic year shall not suffer any loss of seniority, service or benefits. A nurse who is transferred to a position outside of the bargaining unit for a period of more than three (3) months, but not more than one (1) year shall retain, but not accumulate, her or his seniority held at the time of the transfer. In the event the nurse is returned to a position in the bargaining unit, she or he shall be credited with seniority held at the time of transfer and resume accumulation from the date of her or his return to the bargaining unit. A nurse must remain in the bargaining unit for a period of at least three

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