Titlebook: Essays on Wage Bargaining in Dynamic Macroeconomics; Oliver Claas Book 2019 Springer Nature Switzerland AG 2019 Efficient bargaining.Right

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Book 2019ping generations of consumers and with a public sector. The results are presented in a unified framework with a commodity market that clears competitively. By analyzing the implications of three variants of collective bargaining – efficient bargaining in a uniform and a segmented labor market and “r

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0075-8442 quilibria under bargaining.Analyzes perfect-foresight dynamiThis book addresses collective bargaining in an intertemporal monetary macroeconomy of the aggregate supply–aggregate demand (AS–AD) type with overlapping generations of consumers and with a public sector. The results are presented in a uni

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https://doi.org/10.1007/978-3-030-42513-5 and stability. Due to endogenous budget deficits/surpluses, stationary states fail to exist generically. The stability analysis distinguishes between the dynamics in nominal terms and the evolution of the real economy. The associated concepts of convergence to characterize balanced monetary expansi

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https://doi.org/10.1057/978-1-137-55813-8 power and union density. The chapter provides a complete comparative-statics analysis showing in particular a negative price effect of union power and a positive price effect of union density. Single-labor-market models with a fully competitive or a fully unionized labor market as in Chap. . are sp

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