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We present a model of bargaining in which a committee searches over the policy space, successively amending the default … by voting over proposals. Bargaining ends when proposers are unable or unwilling to amend the existing default, which is …
Persistent link: https://www.econbiz.de/10011674462
This paper incorporates search and matching frictions in the labor market into a New Keynesian model. In contrast to the literature, the labor market activity takes place in the (Calvo-staggered) price-setting sector. Matching frictions lead price-setting firms to negotiate wage rates with their...
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outside option in bargaining than does an unemployed worker. Our survey measures the incidences of wage posting, bargaining …
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constitutional reforms. In a setting where lawmakers interact with a lobby through a bargaining process and with voters by means of … elections, we show that when time constraints are binding, bicameralism might lead to a decline in the legislator's bargaining …
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embrace the bargaining model where their happiness is determined by their own income. Men in the U.S. are more likely to …
Persistent link: https://www.econbiz.de/10010281185
one originating in union-firm bargaining. Under fairly general conditions, we show that wages are less sensitive to local … unemployment the higher is the bargaining power of the union. In accordance with this theoretical prediction, we find that the …
Persistent link: https://www.econbiz.de/10010284431
Defendant offers into court is common procedural device aimed at increasing the probability that pre-trial negotiations will lead to out of court settlement. Both in the UK following the Woolf Report and the Cullen Report and in the USA, the idea of extending the arrangement to plaintiff offers...
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