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Game Theoretic Models of Wage Bargaining

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  • Paola Manzini

Abstract

This paper aims at being a tool to help apply game theoretic bargaining models to wage negotiations. In this perspective, we review a number of articles which explicitly deal with wage determination as well as purely game theoretical models which we believe can be fruitfully extended to account for specific features of labour markets. We discuss some common shortcomings in the wage negotiation literature, and suggest possible lines of research worth pursuing to deal with such weaknesses.

Suggested Citation

  • Paola Manzini, 1998. "Game Theoretic Models of Wage Bargaining," Journal of Economic Surveys, Wiley Blackwell, vol. 12(1), pages 1-41, February.
    • Handle: RePEc:bla:jecsur:v:12:y:1998:i:1:p:1-41
    DOI: 10.1111/1467-6419.00046
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    Cited by:

    1. Stavros Drakopoulos & Ioannis Katselidis, 2014. "The Development of Trade Union Theory and Mainstream Economic Methodology," Journal of Economic Issues, Taylor & Francis Journals, vol. 48(4), pages 1133-1149, December.
    2. Hessel Oosterbeek & Randolph Sloof & Joep Sonnemans, 2007. "Who should invest in specific training?," Journal of Population Economics, Springer;European Society for Population Economics, vol. 20(2), pages 329-357, April.
    3. Paul Heidhues, 2000. "Employers’ Associations, Industry-wide Unions, and Competition," CIG Working Papers FS IV 00-11, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
    4. Gersbach, Hans & Schniewind, Achim, 2001. "Awareness of General Equilibrium Effects and Unemployment," IZA Discussion Papers 394, Institute of Labor Economics (IZA).
    5. Jonathan Seaton, 2009. "A nonparametric revealed preference test of optimal intra-firm resource allocation," Applied Economics, Taylor & Francis Journals, vol. 41(27), pages 3463-3476.

    More about this item

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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