Chapter 6. Strategic Labor Exchange

  1. Joyce P. Jacobsen and
  2. Gilbert L. Skillman

Published Online: 14 JAN 2008

DOI: 10.1002/9780470755587.ch7

Labor Markets and Employment Relationships: A Comprehensive Approach

Labor Markets and Employment Relationships: A Comprehensive Approach

How to Cite

Jacobsen, J. P. and Skillman, G. L. (eds) (2008) Strategic Labor Exchange, in Labor Markets and Employment Relationships: A Comprehensive Approach, Blackwell Publishing Ltd, Malden, MA, USA. doi: 10.1002/9780470755587.ch7

Publication History

  1. Published Online: 14 JAN 2008
  2. Published Print: 1 JAN 2004

ISBN Information

Print ISBN: 9780631208365

Online ISBN: 9780470755587

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Keywords:

  • strategic labor exchange;
  • labor market relations;
  • bilateral monopoly;
  • nash bargaining solution;
  • NASH equilibrium

Summary

This chapter contains section titled:

  • LABOR MARKET RELATIONS AS GAMES

  • BARGAINING AS A COOPERATIVE GAME Bilateral monopoly and the bargaining problem

  • The Nash bargaining solution

  • LABOR MARKET RELATIONSHIPS AS NONCOOPERATIVE GAMES

  • Noncooperative games in normal form

  • Application of normal-form game analysis: oligopsony in labor markets

  • Noncooperative games in extensive form

  • Application of extensive-form game analysis: self-enforcement in repeated noncooperative games

  • Multiple equilibria and subgame-perfect Nash equilibrium

  • Subgame-perfect equilibria in repeated games

  • CONCLUSION

  • THE NASH BARGAINING SOLUTION

  • THE COURNOT DUOPSONY GAME

  • PROSPECTS FOR COLLUSIVE BEHAVIOR IN THE INDEFINITELY REPEATED PRISONERS' DILEMMA