Introduction

Oliver Claas
Additional contact information
Oliver Claas: Bielefeld University

Chapter Chapter 1 in Essays on Wage Bargaining in Dynamic Macroeconomics, 2019, pp 1-7 from Springer

Abstract: Abstract This book extends the family of AS–AD models by adding collective bargaining to the labor market. In their standard form, AS–AD models assume competitive markets. However, it is questionable whether labor markets should be treated as competitive markets in economic modeling. Labor markets are subject to substantial legislative regulation in many countries—which by itself might raise doubts about whether these markets can be considered competitive—and they are highly shaped by strategically acting market participants. A prominent example of this strategic interaction is collective bargaining between an employer (or an employers’ association) and a labor union representing its members in negotiations.

Date: 2019
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-319-97828-4_1

Ordering information: This item can be ordered from
http://www.springer.com/9783319978284

DOI: 10.1007/978-3-319-97828-4_1

Access Statistics for this chapter

More chapters in Lecture Notes in Economics and Mathematical Systems from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().