Robustness and feasibility of corporatism
Nicola Acocella and
Giovanni Di Bartolomeo ()
No 44, Working Papers from University of Rome La Sapienza, Department of Public Economics
By considering a standard game between the Government and a centralised trade union, we investigate the robustness of the claim that corporatism has a positive effect on macroeconomic performance. We test this claim with respect to different kinds of non-co-operative equilibria, model parameterisations and unionâ€™s utility functions (different in both form and arguments). Furthermore, we introduce in the literature the issue of the feasibility of corporatism, i.e., whether and under what conditions it is in the interest of both agents to implement a corporatist approach to economic policies.
Keywords: employment; inflation; trade unions; Government; corporatism; policy game; feasibility. (search for similar items in EconPapers)
JEL-codes: E24 E61 E31 E58 J51 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:sap:wpaper:wp44
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