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needed, this involves lower adjustment costs than any alternative game form. The price list game form is better when the list … infrequently. An empirical test supports the theory …
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This paper presents structural estimates for a bargaining model which nests the right-to-manage, the efficient wage bargaining, the seniority and the standard neoclassical labor demand model as special cases. In contrast to most existing models, our approach accounts for heterogeneous skill...
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