Aghion, Philippe (contributor); Algan, Yann (contributor); … - 2008
, we shall take the
G distribution to be uniform on the interval [0,1].
Individuals may decide to join a trade union. The … the trade
union. Alternatively, one could assume that workers observe the outcome of negotiation with a probability that … the wages negotiated by the trade union depend upon workers’ productivity, whereas the minimum
7
In each period t …