Pinkston, Joshua C. (contributor) - 2003 - [Elektronische Ressource]
. This imposes some degree of downward wage rigidity, preventing the
worker’s wage from falling every time an outside firm … sequence of wages, I add the
assumption of complete downward wage rigidity, even though none of the results that follow
require … sequence of bidding wars described above, combined with downward wage rigidity, im-
plies that for any worker with an …