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Wage bargaining as an optimal control problem: a dynamic version of the efficient bargaining model

机译:工资讨价还价作为最佳控制问题:高效议价模型的动态版本

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摘要

In this paper, I develop a dynamic version of the efficient bargaining model grounded on optimal control in which a firm and a union bargain over the wage in a continuous-time environment under the supervision of an infinitely lived mediator. Overturning the findings achieved by means of a companion right-to-manage framework, I demonstrate that when employment is assumed to adjust itself with some attrition in the direction of the contract curve implied by the preferences of the two bargainers, increases in the bargaining power of the firm (union) accelerate (delay) the speed of convergence towards the stationary solution. In addition, confirming the reversal of the results obtained when employment moves over time towards the firm's labour demand, I show that the dynamic negotiation of wages tends to penalize unionized workers and favour the firm with respect to the bargaining outcomes retrieved with a similar static wage-setting model.
机译:在本文中,我开发了一个动态版的高效讨价还价模型,基于最优控制,其中一家公司和一家在连续时间环境下的工资中的工资,在无限居住的调解员的监督下。 推翻通过伴侣权威的框架实现的调查结果,我证明,当假设就业时,在两个讨价还价商的偏好暗示的合同曲线方向上的一些磨损时,议价能力增加 公司(UNION)加速(延迟)达到静止解决方案的收敛速度。 此外,确认当就业方式随着时间推移到公司的劳动需求而获得的结果逆转,我表明工资的动态谈判往往惩罚工会工作者,并对使用类似的静施工资检索的讨价还价成果来惩罚公司 - 定义模型。

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