Wage bargaining and monopsony [An article from: Economics Letters]

This digital document is a journal article from Economics Letters, published by Elsevier in 2007. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
This paper integrates models of monopsony and wage bargaining. A novel result is that for a range of the relative bargaining power of the firm and the union, the wage and employment is constant and equal to the 'competitive' solution.