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District Council 37 (also known as DC 37) is New York City's largest public sector employee union, representing over 150,000 members and 89,000 retirees. [1]DC 37 was chartered in 1944 by AFSCME to represent public employees in New York City.
Under Gotbaum's leadership, DC37 successfully organized thousands of municipal hospital workers in the 1960s and helped create New York City's Office of Collective Bargaining. During the New York City bankruptcy crisis in the mid-1970s, Gotbaum and DC37 agreed to major collective bargaining concessions, which set a pattern that forced other ...
A standard form contract (sometimes referred to as a contract of adhesion, a leonine contract, [a] a take-it-or-leave-it contract, or a boilerplate contract) is a contract between two parties, where the terms and conditions of the contract are set by one of the parties, and the other party has little or no ability to negotiate more favorable terms and is thus placed in a "take it or leave it ...
Act on Public Contracts by Contracting Authorities in the Water, Energy, Transport and Postal Services Sectors (Act no. 1398 of 2016, also known as the 'Act on public contracts in special sectors') Act on Public Contracts in the Fields of Defence and Security. [119] [120] A Government Decree on Public Contracts was also in force until 2017. [120]
Freedom of contract is the principle according to which individuals and groups may form contracts without government restrictions. This is opposed to government regulations such as minimum-wage laws , competition laws , economic sanctions , restrictions on price fixing , or restrictions on contracting with undocumented workers .
[12] [13] Taken together, whether or not suitable contracts can solve the hold-up problem is disputed in contract theory. [14] In an experimental study, Hoppe and Schmitz (2011) found that option contracts may alleviate the hold-up problem even when renegotiation is possible, which may be explained by Hart and Moore's (2008) idea that contracts ...
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Contract theory in economics began with 1991 Nobel Laureate Ronald H. Coase's 1937 article "The Nature of the Firm". Coase notes that "the longer the duration of a contract regarding the supply of goods or services due to the difficulty of forecasting, then the less likely and less appropriate it is for the buyer to specify what the other party should do."