Essays on wage bargaining in dynamic macroeconomics (Q2247134)
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scientific article; zbMATH DE number 7428237
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| English | Essays on wage bargaining in dynamic macroeconomics |
scientific article; zbMATH DE number 7428237 |
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Essays on wage bargaining in dynamic macroeconomics (English)
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16 November 2021
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This book provides an family of AS-AD models by adding collective bargaining to the labor market. In their standard form, the AS-AD assume competitive markets, but collective bargaining are not included in their models usually. Labor market bargaining is highly relevant in economics. The impact of collective bargaining require an analysis of the interacting markets on macroeconomic level. This macroeconomic effects are studied in this book. Oliver Claas has been written a truly exceptional, inspiring and beautiful masterpiece.
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effecient bargaining
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right-to-manage wage bargaining
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Nash bargaining
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segmented labor markets
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wage differentiation
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union power
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perfect-foresight dynamics
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balanced monetary paths
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