surplus is more equitable compared to the case with a purely selfish worker. Moreover, the optimal contract with bargaining … approaches the welfare-optimal contract as the parties' bargaining power converges. Our results help explain why workers are … imply that raising the bargaining power of the less powerful party may increase welfare …

offers, whereas high productivity firms use Nash bargaining over wages. There are two important sources of inefficiency in … the model besides the well-known classical search externality. First, low-skilled workers do not have any bargaining power …

restrictions imposed by the rather centralized system of collective bargaining in Germany, plants which make use of single …

In Spain, as in several other European countries, sectoral bargaining agreements are automatically extended to cover … inequality for women. At the establishment level, we compare average wages under firm-level and sectoral bargaining, controlling …-specific contracting raises average wages, with a pattern of effects that tends to increase inequality relative to sectoral bargaining for …