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Strategic Bargaining in Search Equilibrium

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Author Info
Moen, E.R.

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Abstract

We introduce strategic wage bargaining in a search equilibrium model. We find that wages respond more an employment and output less to aggreagte shoks than when wages are determined by conventional Nash bargaining. Expectations about the stocks increase the volatility of wages even more.

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Publisher Info
Paper provided by Oslo University, Department of Economics in its series Memorandum with number 02/1996.

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Length: 20 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:hhs:osloec:1996_002

Contact details of provider:
Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway
Phone: 22 85 51 27
Fax: 22 85 50 35
Email:
Web page: http://www.oekonomi.uio.no/indexe.html
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Related research
Keywords: WAGES; BARGAINING; LABOUR MARKET;

Find related papers by JEL classification:
J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
K12 - Law and Economics - - Basic Areas of Law - - - Contract Law

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This page was last updated on 2009-11-26.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.