García Martínez, José Ramón; Sorolla, Valeri - In: Economics: The Open-Access, Open-Assessment E-Journal 13 (2019) 2019-15, pp. 1-25
In a standard Diamond-Mortensen-Pissarides labour market with frictions, the authors seek to determine when there is more employment with individual wage bargaining than with collective wage bargaining, using a wage equation generated by the standard total surplus sharing rule. Using a...