Chapter 7. Bargaining in Labor Exchange
- Joyce P. Jacobsen,
- Gilbert L. Skillman
Published Online: 14 JAN 2008
DOI: 10.1002/9780470755587.ch8
Copyright © 2004 by Joyce P. Jacobsen and Gilbert L. Skillman
Book Title
Labor Markets and Employment Relationships: A Comprehensive Approach
Additional Information
How to Cite
Jacobsen, J. P. and Skillman, G. L. (eds) (2008) Bargaining in Labor Exchange, in Labor Markets and Employment Relationships: A Comprehensive Approach, Blackwell Publishing Ltd, Malden, MA, USA. doi: 10.1002/9780470755587.ch8
Publication History
- Published Online: 14 JAN 2008
- Published Print: 1 JAN 2004
ISBN Information
Print ISBN: 9780631208365
Online ISBN: 9780470755587
- Summary
- Chapter
- References
Keywords:
- bilateral market power;
- bilateral monopoly;
- negotiation costs;
- bargaining relationship;
- bargaining outcomes
Summary
This chapter contains section titled:
EXCHANGE COSTS AND BILATERAL MARKET POWER Matching costs and bilateral monopoly
Strategic implications of negotiation costs
THE IMPACT OF MATCHING AND NEGOTIATION COSTS ON BARGAINING OUTCOMES The theoretical problem
The basic framework
The simple “voice” model with discounting and no exit options
Voluntary exit with discounting
Involuntary termination of the bargaining relationship
OTHER BARGAINING SCENARIOS
CONCLUSION
DERIVATION OF THE RUBINSTEIN BARGAINING EQUILIBRIUM WITH DISCOUNTING AND NO EXIT OPTIONS Statement of the problem
Derivation of equilibrium payoffs for the game with discounting and no exit options