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

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  • Pierre Cahuc

    (MAD - Université Paris 1)

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

Suggested Citation

  • Pierre Cahuc, 1994. "Macroeconomic performance and wage setting level in symmetric non-cooperative games," Cahiers de la Maison des Sciences Economiques 94007, Université Panthéon-Sorbonne (Paris 1).
  • Handle: RePEc:mse:wpsorb:94007
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