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the major decisions are made distinguishes one country's system sharply from another. In Japan, the enterprise level is very important; in Germany, the industrial level. In the USA, the parties produce a legally enforceable contract; in the UK, a framework for individual employment contracts.<br /> Collective bargaining makes possible the collective provision of workplace 'public goods', e.g. safety, conditions, lighting, heating, speed of the production line, grievance procedures, pension plans. It permits the individual to express his or her own preferences without the danger of being sacked. Also it helps to change the social relations of the workplace, bridging the gap between labour and capital, by making possible the enforcement of labour contracts.<br /><em>See also:</em> exit-voice <br /><em>Reference</em><br />Bean, R. (1985) Comparative Industrial Relations: an Introduction to Cross-national Perspectives, London: Croom Helm.<br /> Clegg, H.A. (1976) Trade Unionism under Collective Bargaining. A Theory Based on Comparisons of Six Countries, Oxford: Basil Blackwell.<br /> Coddington, A. (1968) Theories of the Bargaining Process, London: Allen & Unwin. Kochan, T.A. (1980) Collective Bargaining and Industrial Relations, Homewood, IL: Irwin.<br /> - (1986) The Transformation of American Industrial Relations, New York: Basic Books.<br /> Sisson, K. (1987) The Management of Collective Bargaining. An International Comparison, Oxford: Basil Blackwell.
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<strong>INS</strong> – The U.S. Immigration and Naturalization Service. On March 1, 2003, the INS transitioned into the Department of Home Security (DHS) and was renamed the U.S. Citizenship and Immigration Services (USCIS).
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asymmetric information (DO, Ll)<br /> Information possessed by one side of a market only. If, for example, buyers but not sellers have relevant information, they will be at an advantage. In labour markets, employers usually know more about the present and future financial state of their firms than trade unions and thereby have a bargaining advantage in wage negotiations. This view of information has also been incorporated into models of industrial organization and of the valuation of PUBLIC GOODS.<br /><em>See also:</em> lemons market
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