Dawid, Herbert; Harting, Philipp; Neugart, Michael - In: Dynamic analysis in complex economic environments : …, (pp. 205-230). 2021
In this paper, we employ the agent-based macroeconomic Eurace@Unibi model to study the economic implications of different degrees of de-centralization in the wage setting. We think of de-centralization as wages being a weighted average of an economy-wide "union wage" and a firm-specific...
