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Mandated versus negotiated severance pay
Auray, Stéphane; Danthine, Samuel; Poschke, Markus - 2014
While most of the literature on employment protection has focused on government-mandated severance pay, it has recently been documented that a substantial share of severance payments derives from private contracts or collective agreements. This paper studies the determination of these payments....
Persistent link: https://www.econbiz.de/10010403663
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Value of work : bargaining, job-satisfaction, and taxation in a simple GE model
FitzRoy, Felix R. (contributor);  … - 2005
Job-satisfaction as a component of workers' utility has been strangely neglected, with work usually regarded as reducing utility and the benefits of leisure. This is contradicted by many empirical studies showing that unemployment is a major cause of unhappiness, even when income is controlled...
Persistent link: https://www.econbiz.de/10003115146
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Centralised Labour Market Negotiations
Müller, Julia - 2013
This paper contributes to the analysis of central vs. decentral (firm-level) labour market negotiations. We argue that … during negotiations on a central scale employers and employees plausibly take output market effects into account, while they … behave competitively during firm-level negotiations. Assuming that in both cases the labour market conflict is settled …
Persistent link: https://www.econbiz.de/10013072513
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Cyclical Wages in a Search and Bargaining Model with Large Firms
Rotemberg, Julio J. - 2009
This paper presents a complete general equilibrium model with flexible wages, where the degree to which wages and productivity change when cyclical employment changes is roughly consistent with postwar U.S. data. Firms with market power are assumed to bargain simultaneously with many employees,...
Persistent link: https://www.econbiz.de/10012721675
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A Bargaining Model of Endogenous Procedures
Diermeier, Daniel - 2016
This paper endogenizes policymaking procedures in a multilateral bargaining framework. A procedure specifies players' proposal power in bargaining over one-dimensional policies. In procedural bargaining players internalize the procedures' effects on subsequent policy bargaining. In policy...
Persistent link: https://www.econbiz.de/10013007522
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Long-Term Relationship Bargaining
Westermark, Andreas - 2013
We analyze a bargaining model where there is a long-term relationship between a seller and a buyer and there is bargaining over a sequence of surpluses that arrives at fixed points in time. Markov Perfect Equilibria are analyzed and equilibrium payoffs characterized. The transfers between the...
Persistent link: https://www.econbiz.de/10013079939
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Centralised labour market negotiations
Müller, Julia; Bayındır-Upmann, Thorsten - 2013
This paper contributes to the analysis of central vs. decentral (firm-level) labour market negotiations. We argue that … during negotiations on a central scale employers and employees plausibly take output market effects into account, while they … behave competitively during firm-level negotiations. Assuming that in both cases the labour market conflict is settled …
Persistent link: https://www.econbiz.de/10010210111
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Wage bargaining and labor market policy with biased expectations
Balleer, Almut; Duernecker, Georg; Forstner, Susanne; … - 2023
Recent research documents mounting evidence for sizable and persistent biases in individual labor market expectations. This paper incorporates subjective expectations into a general equilibrium labor market model and studies the implications of biased expectations for wage bargaining, vacancy...
Persistent link: https://www.econbiz.de/10014249742
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Aspirational Bargaining
Smith, Lones; Stacchetti, Ennio - 2002
This paper offers a noncooperative behaviourally-founded solution of the complete information bargaining problem where two impatient individuals wish to divide a unit pie. We formulate the game in continuous time, with unrestricted timing and content of offers. Reprising experimental work from...
Persistent link: https://www.econbiz.de/10014120935
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Bargaining Power as Threat of Impasse
Korobkin, Russell B. - 2004
This brief essay, written for a symposium on The Emerging Interdisciplinary Cannon of Negotiation, argues that bargaining power stems entirely from the negotiator's ability to, explicitly or implicitly, make a single threat credibly: "I will walk away from the negotiating table without agreeing...
Persistent link: https://www.econbiz.de/10014072772