Sunakawa, Takeki (2011): Efficiency in a search and matching model with right-to-manage bargaining.
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In a search and matching model with right-to-manage bargaining, matched workers and firms bargain over wages, given labor demand schedule of firms for hours worked per worker. Wages and hours worked per worker are determined as if they are determined in a competitive labor market with a distortion to wage markups. A positive inefficiency gap in the labor market diminishes workers' effective bargaining power relative to firms, because firms can adjust labor input and wage schedule via intensive margin. The Hosios condition does not necessarily hold even when workers' actual bargaining power is equal to unemployment elasticity of matches.
|Item Type:||MPRA Paper|
|Original Title:||Efficiency in a search and matching model with right-to-manage bargaining|
|Keywords:||Labor market search; efficiency; right-to-manage bargaining|
|Subjects:||J - Labor and Demographic Economics > J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers > J64 - Unemployment: Models, Duration, Incidence, and Job Search
E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E60 - General
|Depositing User:||Takeki Sunakawa|
|Date Deposited:||30. Jul 2011 22:08|
|Last Modified:||16. Feb 2013 05:46|
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