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This paper extends the bargaining and matching literature, such as Rubinstein and Wolinsky (1985), by considering a new matching process. The authors assume that a central information agency exists, such as real estate agencies in the housing market and employment agencies (or newspapers) in the...
Persistent link: https://www.econbiz.de/10005167877
This paper analyses a strategic bargaining game where the firm may or may not be able to sell out of its inventory of finished goods during a strike. Firms and the union are both risk neutral and have the same discount rate. It is shown that the wage equilibrium corresponds to the axiomatic Nash...
Persistent link: https://www.econbiz.de/10005167909