Revisiting Nash wages negotiations in matching models
Samir Amine,
Pedro Lages dos santos (),
Sylvain Baumann () and
Fabrice Valognes
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Pedro Lages dos santos: University of Le Havre
Sylvain Baumann: University of Le Havre
Economics Bulletin, 2009, vol. 29, issue 4, 3203-3213
Abstract:
In labour economics theory, wage negotiations use to rely on a Symmetric Nash Bargaining Solution. The aim of this study is to show that this kind of solution may be not relevant. Indeed, in a matching model framework, the comparison with the Kalai-Smorodinsky Solution suggests that a reflection should systematically be made with respect to the negotiation power of each agent (a same ascertainment has been pointed out by McDonald and Solow (1981)). Finally, we characterize the Kalai-Smorodinsky in the job matching setting.
Keywords: Matching; bargaining solutions; public policy. (search for similar items in EconPapers)
JEL-codes: C7 J6 (search for similar items in EconPapers)
Date: 2009-12-23
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Citations: View citations in EconPapers (4)
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-09-00746
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