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- W2260749683 abstract "We derive an explicit solution for the wage from an alternating-offer wage bargaining game à la Hall and Milgrom (2008) under a plausible parameter restriction. This solution is simple, micro-founded and permits a transparent analysis of the driving forces of wages. When it is used in a stationary steady-state search and matching model, the value of all endogenous variables can be expressed as a function of the parameters of the model and the exogenous variables. In a dynamic setup, the solution is much simpler to implement than the one found in the original paper of Hall and Milgrom (2008)." @default.
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- W2260749683 date "2018-03-01" @default.
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- W2260749683 title "Reduced form wage equations in the credible bargaining model" @default.
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- W2260749683 doi "https://doi.org/10.1016/j.labeco.2016.04.003" @default.
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