Showing 1 - 10 of 18
Persistent link: https://www.econbiz.de/10000934398
We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...
Persistent link: https://www.econbiz.de/10011335208
Persistent link: https://www.econbiz.de/10011819306
The paper revisits the problem of wage bargaining between a firm and multiple workers. We show that the Subgame Perfect … coincides with the Shapley values as claimed in their classic paper. We propose an alternative extensive-form bargaining game …
Persistent link: https://www.econbiz.de/10011317659
The paper revisits the problem of wage bargaining between a firm and multiple workers. We show that the Subgame Perfect … coincides with the Shapley values as claimed in their classic paper. We propose an alternative extensive-form bargaining game …
Persistent link: https://www.econbiz.de/10011327338
Persistent link: https://www.econbiz.de/10002128050
Persistent link: https://www.econbiz.de/10002226767
We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...
Persistent link: https://www.econbiz.de/10002514786
Persistent link: https://www.econbiz.de/10003311113
We characterize the equilibrium of a search model with a continuum of job and worker types, wage bargaining, free entry …' bargaining power resolves this inefficiency. Unemployment benefits are a second best alternative to this policy. We establish …
Persistent link: https://www.econbiz.de/10003155785