Labor–market search and real business cycles: Nash bargaining vs. fair wage

This paper modifies the standard labor market search model with Nash bargaining for a wage determination scheme which relies on efficiency wage theories. More precisely, the equilibrium wage rests on the gift-exchange motivation. It is shown that the combination of search frictions and fair wage hyp...

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Bibliographic details
Volume: 77
Main Author: Cheron, A
Format: Journal Article
Language: English
Place of publication: LAUSANNE Elsevier B.V 2002
ELSEVIER SCIENCE SA
Elsevier
published in: Economics letters Vol. 77; no. 2; pp. 279 - 285
Data of publication: 2002
ISSN: 0165-1765
1873-7374
EISSN: 1873-7374
Discipline: Economics
Series: Economics Letters
Subjects:
E31
E24
Online Access: Fulltext
Database: Web of Knowledge
Social Sciences Citation Index
Web of Science
Web of Science - Social Sciences Citation Index - 2002
RePEc IDEAS
RePEc
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