Acocella, Nicola; Bartolomeo, Giovanni Di - In: Metroeconomica 58 (2007) 2, pp. 340-359
This paper investigates the effects of cooperation (corporatism) on macroeconomic performance by considering a rather standard policy game between the government and a monopoly union. We stress the shortcomings of the traditional way used to model cooperation in policy games (the maximization of...