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Contract Bargaining with Symmetric Information

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  • W. Bentley MacLeod
  • James M. Malcomson

Abstract

This paper reviews a recent literature that extends the Rubinstein/Stahl bargaining model to the case of contract bargaining. Theoretical issues, such as the appropriate game form, existence, and uniqueness of equilibria, are discussed. The paper finishes with a brief overview of some applications of the framework.

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Bibliographic Info

Article provided by Canadian Economics Association in its journal Canadian Journal of Economics.

Volume (Year): 28 (1995)
Issue (Month): 2 (May)
Pages: 336-67

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Handle: RePEc:cje:issued:v:28:y:1995:i:2:p:336-67

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Postal: Canadian Economics Association Prof. Steven Ambler, Secretary-Treasurer c/o Olivier Lebert, CEA/CJE/CPP Office C.P. 35006, 1221 Fleury Est Montréal, Québec, Canada H2C 3K4
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Cited by:
  1. Christoph Luelfesmann, 2000. "The Theory of Human Capital Revisited: On the Interaction of General and Specific Investments," Econometric Society World Congress 2000 Contributed Papers 0659, Econometric Society.
  2. Nicola Meccheri, 2008. "A note on non-competes, bargaining and training by firms," Discussion Papers 2008/72, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
  3. Fella Giulio, 2012. "Matching, Wage Rigidities and Efficient Severance Pay," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 12(1), pages 1-35, December.
  4. Sergei Guriev & Dmitriy Kvasov, 2005. "Contracting on Time," Working Papers w0059, Center for Economic and Financial Research (CEFIR).
  5. Abbring, Jaap H., 1999. "Commitment and wage bargaining in job matching models with costly search," Serie Research Memoranda 0021, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
  6. Fella, Giulio, 2005. "Termination restrictions and investment in general training," European Economic Review, Elsevier, vol. 49(6), pages 1479-1499, August.
  7. Robert Innes & Stephen F. Hamilton, 2009. "Vertical restraints and horizontal control," RAND Journal of Economics, RAND Corporation, vol. 40(1), pages 120-143.
  8. Innes, Robert & Hamilton, Stephen F., 2006. "Naked slotting fees for vertical control of multi-product retail markets," International Journal of Industrial Organization, Elsevier, vol. 24(2), pages 303-318, March.

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