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Externalities in Wage Formation and Equilibrium Unemployment

de la Croix, David - Institut de Recherche Économique et Sociale (IRES), … - 1991

We provide a multi-sector general equilibrium model in which externalities among sectors arise trough decentralized wage bargaining. Without externalities, equilibrium unemployment is only a function of firms’ market power and of demand uncertainty. With externalities, unemployment is higher....

Persistent link: https://www.econbiz.de/10004985108

On Dominance in Wage Bargaining with Incomplete Information in an Unionized Cournot Oligopoly

Vannetelbosch, Vincent J. - Institut de Recherche Économique et Sociale (IRES), … - 1995

bargained at the industry-level and one in which the wages are bargained at the firm-level. The bargaining process is described …

Persistent link: https://www.econbiz.de/10004985130

Union Power and Price Fixation: A General Equilibrium Perspective

Arnsperger, Christian; de la Croix, David - Institut de Recherche Économique et Sociale (IRES), … - 1990

Wage and price formation are analysed in a general equilibrium model combining wage bargaining, monopolistic competition, stochastic demand, and technological constraints. The alternative implications of "efficient" and "right-to-manage" models of bargaining are studied. The price-cost margin is...

Persistent link: https://www.econbiz.de/10004985168

Real Wages, Quantity Constraints and Equilibrium Unemployment : Belgium 1955-1988

Lubrano, Michel; Shadman-Mehta, Fatemeh; Sneessens, Henri R. - Institut de Recherche Économique et Sociale (IRES), … - 1993

This paper examines the determinants of equilibrium wage and unemployment rates in Belgium within the framework of a quantity rationing, right-to-manage model with decentralised wage setting. Empirical results are obtained by first using the Johansen maximum-likelihood procedure for the analysis...

Persistent link: https://www.econbiz.de/10004985209

Wage Bargaining with a Price-Making Firm Right-to-Manage and Efficient Bargaining

ARNSPERGER, Christian; CROIX, David DE LA - Institut de Recherche Économique et Sociale (IRES), … - 1990

This paper examines the introduction of monopolistic competition into wage bargaining models : in addition to capital-labour substitution, we also consider a cost-push effect. The right-to-manage model requires strong restrictions on the objective functions and leads to problematic conclusions...

Persistent link: https://www.econbiz.de/10004985252

Wage Interdependence Through Decentralized Bargaining - A Survey

de la Croix, David - Institut de Recherche Économique et Sociale (IRES), … - 1991

The idea that sector-specific unions has mainly been used to support the empirical observation that wages are highly …

Persistent link: https://www.econbiz.de/10004985262

Wage Premia, Price-Cost Margins and Bargaining Over Employment in Belgian Manufacturing : An Analysis of Distinct Behavior Among Various Skilled Workers

Bughin, Jacques - Institut de Recherche Économique et Sociale (IRES), … - 1991

compared to wages, possibly because of greater outside job opportunities. In addition, the bargaining power of either union …

Persistent link: https://www.econbiz.de/10004985269

Heterogenous Skills and Monopoly Union: An Application of the Vertical Differentiation Theory

Wauthy, Xavier - Institut de Recherche Économique et Sociale (IRES), … - 1993

investigate the specific role played by differentiation in situations where wages and market structures result from strategic … in wages to maximize wage-bills. Within this framework, it is shown how differentiation creates as asymmetry between … unions that directly affects wages levels and labour market structures. We establish an explicit relation between equilibrium …

Persistent link: https://www.econbiz.de/10004985298

A Dynamic Contracting Model for Wages and Employment in three European Economies

de la Croix, David; Palm, Franz; Pfann, Gerard - Institut de Recherche Économique et Sociale (IRES), … - 1993

that of the neo-classical model in explaining the dynamics of employment and wages in the three countries. …

Persistent link: https://www.econbiz.de/10004985334

Testing Oligopolistic Behavior within an Efficient Wage Bargaining Model

Bughin, Jacques - Institut de Recherche Économique et Sociale (IRES), … - 1991

This paper is devoted to the set up of a conjectural elasticity model with efficient bargaining wages between … to confirm that ˆif any- firm market power tends to be eroded by wages rents, but always with asymetric power in favor of …

Persistent link: https://www.econbiz.de/10004985339