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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19694Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Krause, Michael | - |
| dc.creator | Lubik, Thomas A. | - |
| dc.date | 2007 | - |
| dc.date.accessioned | 2013-10-16T07:06:18Z | - |
| dc.date.available | 2013-10-16T07:06:18Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/19694 | - |
| dc.identifier | ppn:543472477 | - |
| dc.identifier | RePEc:zbw:bubdp1:6138 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19694 | - |
| dc.description | We analyse the implications of intra-firm bargaining for business cycle dynamics in models with large firms and search frictions. Intra-firm bargaining implies a feedback effect from the marginal revenue product to wage setting which leads firms to over-hire in order to reduce workers' bargaining position within the firm. The key to this effect are decreasing returns and/or downward-sloping demand. We show that equilibrium wages and employment are higher in steady state compared to a bargaining framework in which firms neglect this feedback. However, the effects of intra-firm bargaining on adjustment dynamics, volatility and comovement are negligible. | - |
| dc.language | eng | - |
| dc.relation | Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2007,17 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | E32 | - |
| dc.subject | J64 | - |
| dc.subject | E24 | - |
| dc.subject | ddc:330 | - |
| dc.subject | Strategic wage setting | - |
| dc.subject | search and matching frictions | - |
| dc.subject | business cycle propagation | - |
| dc.subject | Konjunkturtheorie | - |
| dc.subject | Lohnverhandlungen | - |
| dc.subject | Allgemeines Gleichgewicht | - |
| dc.subject | Arbeitsuche | - |
| dc.subject | Matching | - |
| dc.subject | Theorie | - |
| dc.title | Does intra-firm bargaining matter for business cycle dynamics? | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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