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A system of pleas : social science's contributions to the real legal system
Social science research needs to expand beyond the courtroom and the jury room to address the multitude of factors involved in plea decisions and the influences at work on the various legal system players (e.g., defendants, defense attorneys, prosecutors, etc.). This work is both a culmination of the current state of plea bargaining research and a call to action for future researchers. All of the areas addressed - from innocents pleading guilty to prosecutor charging decisions to mass incarceration and felon disenfranchisement - merge to create a picture of our current criminal justice system as it really is, and how social science can move forward within it.
Book
Dominant Smart Contracts Based on Major Bargaining Solutions
We consider a situation in which two parties have concluded an efficient contract corresponding to one major bargaining solution. After the parties have agreed on one particular contract, an unanticipated shock may change the contract outcomes in a way that benefits one party but harms the other party. If this happens, they have the option to either stay with the original exchange contract or adjust some contract parameters such as the price. We propose a model to perform such adjustments automatically, to obtain the same bargaining solution as in the initial contract under the restriction that the new contract dominates the outcomes of the original contract. We study several bargaining solutions within this general framework. These bargaining solutions offer various sharing rules to distribute the benefit between the parties. To reflect practical considerations, we only consider adjustments made via one contract parameter (the price), while all other parameters result from the original contract and the random shock. To evaluate the efficiency of the proposed approach, we also compare it to a full re-negotiation scenario, in which all parameters can be modified within the boundaries resulting after the random shock. However, waiting and re-negotiation might be costly compared to the situation when the smart contract executes the adjustment automatically. Therefore, the automatic adjustment might be more efficient compared to the other types of contracts. We present several numerical examples and run large random simulations, which we also check statistically.
Journal Article
A collective bargain : unions, organizing, and the fight for democracy
\"From longtime labor organizer Jane McAlevey, a ... call-to-arms in favor of unions\"-- Provided by publisher.
Book
From conflict to coalition : profit-sharing institutions and the political economy of trade
This book studies the conditions under which labor and capital collaborate in support of the same trade policies.
Book
Facts and Fantasies about Wage Setting and Collective Bargaining
In this article, we document and discuss salient features of collective bargaining systems in the OECD countries, with the goal of debunking some misconceptions and myths and revitalizing the general interest in wage setting and collective bargaining. We hope that such an interest may help close the gap between how economists tend to model wage setting and how wages are actually set. Canonical models of competitive labor markets, monopsony, and search and matching all assume a decentralized wage setting where individual firms and workers determine wages. In most advanced economies, however, it is common that firms or employer associations bargain with unions over wages, producing collective bargaining systems. We show that the characteristics of these systems vary in important ways across advanced economies, with regards to both the scope and the structure of collective bargaining.
Journal Article