Nash bargaining with downward rigid wages
AbstractWe study the effect of downward wage rigidity in a dynamic model when wages are negotiated according to Nash bargaining. Downward rigidity causes a decrease in the workerâs expected utility. For the firms the effect is ambiguous.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 57 (1997)
Issue (Month): 2 (December)
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Web page: http://www.elsevier.com/locate/ecolet
Other versions of this item:
- Cabrales, Antonio & Hopenhayn, Hugo, . "Nash Bargaining with Downward Rigid Wages," Open Access publications from Universidad Carlos III de Madrid info:hdl:10016/3707, Universidad Carlos III de Madrid.
- J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
- Blanchflower, D., 1989.
"Fear, Unemployment And Pay Flexibility,"
344, London School of Economics - Centre for Labour Economics.
- Harry J. Holzer & Edward B. Montgomery, 1990.
"Asymmetries and Rigidities in Wage Adjustments by Firms,"
NBER Working Papers
3274, National Bureau of Economic Research, Inc.
- Holzer, Harry J & Montgomery, Edward B, 1993. "Asymmetries and Rigidities in Wage Adjustments by Firms," The Review of Economics and Statistics, MIT Press, vol. 75(3), pages 397-408, August.
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