Counter intuitive results in a simple model of wage negotiations

DOI10.1007/PL00004104zbMath1014.91030OpenAlexW2129631038MaRDI QIDQ5927695

Harold Houba, Gijsbert van Lomwel

Publication date: 2 July 2003

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/pl00004104

zbMATH Keywords

chaoscyclic behaviorstrikewage bargainingwage dynamics

Mathematics Subject Classification ID

Economic growth models (91B62) Auctions, bargaining, bidding and selling, and other market models (91B26) General equilibrium theory (91B50)

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Can a minimum wage increase employment and reduce prices in a neoclassical perfect information economy? ⋮ Losing money to make money: the benefits of redistribution in collective bargaining in sports ⋮ On striking for a bargain between two completely informed agents

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