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Instituting an initial round of centralized wage setting before an ultimate round ofdecentralized wage bargaining may …
Persistent link: https://www.econbiz.de/10005868947
We analyze the rationalizability of variable-population social-choice functions in a welfaristframework. It is shown that xed-population rationalizability and a weakening ofcongruence together are necessary and suffcient for rational choice, given a plausible dominanceproperty that prevents the...
Persistent link: https://www.econbiz.de/10005869309
Bargaining under uncertainty is modeled by the assumption that thereare several possible states of nature, each of …
Persistent link: https://www.econbiz.de/10005869345