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Macroeconomic performance and wage setting level in symmetric non-cooperative games

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  • Cahuc, Pierre

Abstract

This paper shows that the relationship between the wage and the wage setting level is necessarily monotonic in symmetric non cooperative games between monopoly Trade Unions, when the conditions of stability of Nash equilibria are taken into account. Moreover, the Trade Unions' welfare raises with the degree of centralisation
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  • Cahuc, Pierre, 1995. "Macroeconomic performance and wage setting level in symmetric non-cooperative games," Economics Letters, Elsevier, vol. 48(3-4), pages 427-432, June.
    • Handle: RePEc:eee:ecolet:v:48:y:1995:i:3-4:p:427-432
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    7. Lars Calmfors, 1993. "Centralisation of Wage Bargaining and Macroeconomic Performance: A Survey," OECD Economics Department Working Papers 131, OECD Publishing.
    8. Layard, R. & Nickell, S., 1991. "Unemployment in the OECD Countries," Economics Series Working Papers 99130, University of Oxford, Department of Economics.
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