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compete on different routes through the network. I characterize stationary equilibrium payoffs as the fixed point of a set of … intuitive value function equations and study efficiency and the impact of network structure on payoffs. There is never too …
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This paper analyzes the implications of right-to-manage wage bargaining between a producers' syndicate and a workers' union representing finite numbers of identical members in a monetary macroeconomic model of the AS-AD type with government activity. At given prices and price expectations,...
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