This paper presents an alternative implementation of firm-level collective wage bargaining, where bargaining proceeds … equilibrium is equivalent to the efficient bargaining outcome. In a dynamic framework with search frictions, we demonstrate that … gradual collective wage bargaining coincides with all-or-nothing bargaining when bargaining takes place in fictitious time …

This paper presents an alternative implementation of firm-level collective wage bargaining, where bargaining proceeds … equilibrium is equivalent to the efficient bargaining outcome. In a dynamic framework with search frictions, we demonstrate that … gradual collective wage bargaining coincides with all-or-nothing bargaining when bargaining takes place in fictitious time …

This paper presents an alternative implementation of firm-level collective wage bargaining, where bargaining proceeds … equilibrium is equivalent to the efficient bargaining outcome. In a dynamic framework with search frictions, we demonstrate that … gradual collective wage bargaining coincides with all-or-nothing bargaining when bargaining takes place in fictitious time …

This paper presents an alternative implementation of firm-level collective wage bargaining, where bargaining proceeds … equilibrium is equivalent to the efficient bargaining outcome. In a dynamic framework with search frictions, we demonstrate that … gradual collective wage bargaining coincides with all-or-nothing bargaining when bargaining takes place in fictitious time …

retirement age into Cahuc, Postel-Vinay, and Robin s (2006) strategic wage bargaining model with counteroffers and heterogeneous … retirement, match heterogeneity, and the worker's bargaining power. Because the working life is finite, the optimal search effort … of the current match. The bargaining power parameter influences the worker's reservation wage. The model can reproduce …

centralized bargaining agreements indeed have economically and statistically significantly larger total factor productivities and … scale elasticities than comparable establishments outside the centralized bargaining regime. …

We analyze the welfare and employment effects of different wage bargaining regimes. Within the large firm search model …, we show that collective bargaining affects employment via two channels. Collective bargaining exerts opposing effects on … bargaining. But it is not always true that equilibrium wages exceed those under individual bargaining. If unemployment benefits …

centralized bargaining agreements indeed have economically and statistically significantly larger total factor productivities and … scale elasticities than comparable establishments outside the centralized bargaining regime. …