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- W3124937387 abstract "This paper presents a simple model of sequential wage setting by two unions, each of which is attached to a firm in a duopolistic output market. The authors find that, for a large range of unanticipated downward demand shocks, the equilibrium exhibits downward wage rigidity. Neither union chooses to alter its wage even though wages are flexible. This occurs despite the reduction in employment accompanying these shocks. (This abstract was borrowed from another version of this item.)" @default.
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- W3124937387 date "1988-01-01" @default.
- W3124937387 modified "2023-09-27" @default.
- W3124937387 title "A Model of Duopolistic Unionism Exhibiting Downward Wage Rigidity" @default.
- W3124937387 hasPublicationYear "1988" @default.
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