Postel-Vinay, Fabien (contributor); … - 2006
matching the poacher’s maximal
wage offer of p·η. Here as a result of the outside offer, the worker stays in her/his current … Worker stays, renegotiated wage p·η, new negotiation baseline η,
r > η Offer is discarded, nothing changes.
Productivity … firm to raise the wage.
The match thus goes on with an unchanged wage after such a productivity gain.
In the second case, ε …