English, Article, Journal or magazine article edition: A way of explaining unemployment through a wage-setting game Attila Tasnadi

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Bookmark: http://trove.nla.gov.au/version/52503
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • A way of explaining unemployment through a wage-setting game
Author
  • Attila Tasnadi
Physical Description
  • preprint
Notes
  • We investigate a duopsonistic wage-setting game in which the firms have a limited number of workplaces. We assume that the firms have heterogeneous productivity, that there are two types of workers with different reservation wages and that a worker's productivity is independent of his type. We show that equilibrium unemployment arises in the wage-setting game under certain conditions, although the efficient allocation of workers would result in full employment.
  • Unemployment, Bertrand-Edgeworth, wage-setting games
  • RePEc:bon:bonedp:bgse14_2003
Language
  • English
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