Searching for the EU Social Dialogue Model
The European Union and the United States operate different variants of market capitalism. The EU model uses social dialogue institutions to help determine economic outcomes, particularly in the labor market, whereas the US relies more on market forces. The theory of competitive markets provides a powerful framework for analyzing market driven economies and for assessing the conditions under which unfettered markets yield desirable outcomes. But there is no comparable framework for analyzing institution driven economies. This paper argues that models of efficient bargaining/the Coase Theorem offer the best framework for analyzing social dialogue economies and for identifying policies and institutional reforms to improve their functioning.
|Date of creation:||Jun 2006|
|Date of revision:|
|Publication status:||published as Acocella, Nicola and Riccardo Leoni (eds.) Social Pacts, Employment and Growth: A Reappraisal of Ezio Tarantelli's Thought. Heidelberg: Physica-Verlag, 2007.|
|Contact details of provider:|| Postal: |
Web page: http://www.nber.org
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Wilkie, Simon & Jackson, Matthew O., 2002.
"Endogenous Games and Mechanisms: Side Payments Among Players,"
1150, California Institute of Technology, Division of the Humanities and Social Sciences.
- Matthew O. Jackson & Simon Wilkie, 2005. "Endogenous Games and Mechanisms: Side Payments Among Players," Review of Economic Studies, Oxford University Press, vol. 72(2), pages 543-566.
- Matthew O. Jackson & Simon Wilkie, 2002. "Endogenous Games and Mechanisms: Side Payments Among Players," Microeconomics 0211008, EconWPA.
- Elizabeth Hoffman & Matthew Spitzer, 1981.
"The Coase Theorem: Some Experimental Tests,"
470, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:12306. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.