Wage negotiations under two-sided incomplete information with the possibility of side contracts

Article Abstract:

Agreement may be more likely in wage negotiations if employees have greater access to information. Employers may not oppose low-productivity employees gaining access to infornation although wage costs may rise as a result. An agreement is more likely for employees who are very productive and employers tend not to prefer such employees gaining access to information. Inefficiency may result from uncertainty and greater efficiency in matching jobs can result from access to information.

Wage payment systems, Pay structure

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The dependency of wage contracts on monetary policy

Article Abstract:

Monetary policy can affect strategy of those negotiating for wage settlements. Long-term contracts are likely to be negotiated when monetary authorities are expected to carry out appropriate monetary policy. This illustrates that such settlements can be in line with rational economic behavior, in contrast to arguments that they are not rational. They do not allow monetary policy to be active, but instead tend to leave monetary policy with a limited role.

Monetary policy

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James Watt as intellectual monopolist: comment on Boldrin and Levine

Article Abstract:

A study analyses the works of Michele Boldrin and David Levine on whether intellectual property rights affects social welfare.

United States, Criticism and interpretation, Works, Intellectual property law, Boldrin, Michele, Levine, David

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