Models of simultaneous bargaining games are used to analyze the wage outcomes associated with various systems of industrial relations, including bargaining by craft, enterprise, industry, or the whole economy. Union structure is a key determinant with highest wage pressure occurring when unions...

Recent modelling of endogenous growth allows for both endogenous creation of ideas for new technology through R&D and endogenous accumulation of human capital. This paper extends the literature by addressing two counterfactual predictions and reconsidering the need for a policy trade-off where...