In a simple one-sector, two-class, fixed-proportions economy, wages are set through axiomatic bargaining a`la Nash … economic agents is described by a two-dimensional dynamical system in the employment rate and output/capital ratio. The economy … employment of labor, and constant input shares. The type of oscillations predicted by the model matches the available data on the …

This paper analyzes the implications of bilateral bargaining over wages and employment between a producer and a union …. Wages and aggregate employment levels are set according to an efficient (Nash) bargaining agreement while the commodity … the total production surplus, efficient bargaining implies no efficiency loss in production. Depending on the level of …

union which cares for wages and employment, we determine a range of trade union objectives and characterize the aggregate …

This paper analyzes the implications of right-to-manage wage bargaining between a producers' syndicate and a workers … activity. At given prices and price expectations, nominal wages are set according to a Nash bargaining agreement. Producers …-statics analysis of the temporary equilibrium, in particular of the role of union power on employment, wages, and income distribution …

This paper addresses the design of the machinery of collective bargaining from the perspective of the needs of … external adjustment. In the latter context, close attention is paid to changes in collective bargaining along the dimensions of … bargaining coverage, structure, and coordination, drawing on Visser’s (2013) welcome update of national collective bargaining …

This paper addresses the design of the machinery of collective bargaining from the perspective of microeconomic and … adjustment. In the latter context, close attention is also paid to changes in collective bargaining along the dimensions of … bargaining coverage, structure, and coordination. Support is adduced for the German, contemporary Scandinavian, and British …

This paper presents a model of secular stagnation, income and wealth distribution, and employment in the Classical … of substitution is above one, the wage share falls. Both Piketty and Gordon assume full employment at all times. In our … explanation, which does not presuppose full employment, the key tension is between profit-driven capital accumulation and wage …