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This chapter analyzes the implications of efficient wage–employment bargaining in a closed monetary macroeconomic model … all levels of bargaining power. These induce the determination of real allocations as well as nominal prices, wages … output and employment effects under a negative general-equilibrium price feedback. Equilibria under efficient bargaining are …
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This chapter surveys recent models of coalition and network formation in a unified framework. Comparisons are drawn among various procedures of network and coalition formation, involving simultaneous and sequential moves. The survey also covers models of group and network formation by farsighted...
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