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This paper contributes to the analysis of central vs. decentral (firm-level) labour market negotiations. We argue that … during negotiations on a central scale employers and employees plausibly take output market effects into account, while they … behave competitively during firm-level negotiations. Assuming that in both cases the labour market conflict is settled …
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We present a new methodology for studying the problem of intra-firm bargaining, based on the notion that contracts cannot commit the firm and its agents to wages and employment. We develop and analyse a general non-cooperative multilateral bargaining framework between the firm and its employees...
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This paper considers the possibility of efficient trade in bilateral bargaining through an informed broker. I propose a cross-subsidization mechanism that implements efficient trade in dominant strategies. I provide a condition on the broker's information such that efficient trade can be achieved
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