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Game Theoretic Models of Wage Bargaining
Author(s) -
Manzini Paola
Publication year - 1998
Publication title -
journal of economic surveys
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.657
H-Index - 92
eISSN - 1467-6419
pISSN - 0950-0804
DOI - 10.1111/1467-6419.00046
Subject(s) - negotiation , wage , economics , wage bargaining , perspective (graphical) , game theory , microeconomics , bargaining problem , collective bargaining , mathematical economics , labour economics , computer science , political science , law , artificial intelligence
This paper aims at being a tool to help apply game theoretic bargaining models to wage negotiations. In this perspective, we review a number of articles which explicitly deal with wage determination as well as purely game theoretical models which we believe can be fruitfully extended to account for specific features of labour markets. We discuss some common shortcomings in the wage negotiation literature, and suggest possible lines of research worth pursuing to deal with such weaknesses.