Cyclical Movements in Wages and Consumption in a Bargaining Model of Unemployment
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This paper considers a model where individual workers bargain with firms over their wages and where their bargaining power is so strong that some workers are unemployed. The result is that an increase in the elasticity of demand facing individual firms raises employment (as in the case where the
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美国国家经济研究局创建时间：
1998-03-01
