Efficiency Wages and Bargaining
AbstractI argue that in contrast to the literature to date efficiency wage and bargaining solutions will typically be independent. If the bargained wage satisfies the efficiency wage constraint efficiency wages are irrelevant. If it does not, typically we have the efficiency wage solution and bargaining is irrelevant.
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Bibliographic InfoPaper provided by School Of Economics, University College Dublin in its series Working Papers with number 200523.
Length: 12 pages
Date of creation: 26 Nov 2005
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