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In a simple one-sector, two-class, fixed-proportions economy, wages are set through axiomatic bargaining a`la Nash … economic agents is described by a two-dimensional dynamical system in the employment rate and output/capital ratio. The economy … employment of labor, and constant input shares. The type of oscillations predicted by the model matches the available data on the …
Persistent link: https://www.econbiz.de/10011523702
In a simple one-sector, two-class, fixed-proportions economy, wages are set through axiomatic bargaining a`la Nash … economic agents is described by a two-dimensional dynamical system in the employment rate and output/capital ratio. The economy … employment of labor, and constant input shares. The type of oscillations predicted by the model matches the available data on the …
Persistent link: https://www.econbiz.de/10005092407
In a simple one-sector, two-class, fixed-proportions economy, wages are set through axiomatic bargaining a la Nash … by economic agents is described by a two-dimensional dynamical system in the employment rate and output/capital ratio … constant rate of employment of labor, and constant input shares. The type of oscillations predicted by the model matches the …
Persistent link: https://www.econbiz.de/10005621994
bargaining power, has a positive effect on the rate of output growth but a negative effect on employment. … generalized axiomatic bargaining à laNash (1950). As for choice of technology, firms choose the direction of factor …-interested decisions made by economic agents is described by a two-dimensional dynamical system in the employment rate and output …
Persistent link: https://www.econbiz.de/10011048671
gains, savings and investment, is described by a two-dimensional dynamical system in the employment rate and output …, a constant rate of employment of labor, and constant input shares. The type of oscillations predicted by the model is … growth of output per worker but a negative effect on employment. Economic policy can also affect the growth and distribution …
Persistent link: https://www.econbiz.de/10011196534
This paper analyzes the implications of bilateral bargaining over wages and employment between a producer and a union …. Wages and aggregate employment levels are set according to an efficient (Nash) bargaining agreement while the commodity … the total production surplus, efficient bargaining implies no efficiency loss in production. Depending on the level of …
Persistent link: https://www.econbiz.de/10009514990
union which cares for wages and employment, we determine a range of trade union objectives and characterize the aggregate …
Persistent link: https://www.econbiz.de/10011399719
Structural transformation towards a more knowledge-based economy will strengthen Spain’s medium-term growth prospects. To deal with long standing impediments to higher growth the government has a substantial structural reform programme touching on education, the labour market and the business...
Persistent link: https://www.econbiz.de/10010464864
This paper analyzes the implications of right-to-manage wage bargaining between a producers' syndicate and a workers … activity. At given prices and price expectations, nominal wages are set according to a Nash bargaining agreement. Producers …-statics analysis of the temporary equilibrium, in particular of the role of union power on employment, wages, and income distribution …
Persistent link: https://www.econbiz.de/10010239909
This paper addresses the design of the machinery of collective bargaining from the perspective of the needs of … external adjustment. In the latter context, close attention is paid to changes in collective bargaining along the dimensions of … bargaining coverage, structure, and coordination, drawing on Visser’s (2013) welcome update of national collective bargaining …
Persistent link: https://www.econbiz.de/10011408196