Aggregate Pattern of Time-Dependent Adjustment Rules, I
A Game-Theoretic Analysis of Staggered Versus Synchronised Wage Setting
Dados Bibliográficos
| ID | 9712481 |
|---|---|
| Autores | Sau-Him Paul Lau, Sau‐Him Paul Lau (0000-0002-3748-3267, Australian National University, autor correspondente) |
| Ano | 1996 |
| Volume | 106 |
| Fascículo | 439 |
| Páginas | 1645 |
| Data de publicação | 1996-11-01 |
| Peer Reviewed | Sim |
| Open Access | Não |
| Tipo | ARTICLE |
| Periódico | The Economic Journal (JOURNAL) |
| Identificadores do periódico | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Editora | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.2307/2235205 |
| OpenAlex | W1991256467 |
| Idioma | EN |
| Citações recebidas | 1 |
| Referências citadas | 6 |
This paper studies the benefits of staggered wage setting in reducing strategic conflicts. It is shown that when wage setters interact strategically and dynamically, they prefer moving alternatingly, because by doing so, they are able to commit temporarily not to offset the effects of each other's action. It is also shown that synchronisation represents a better arrangement when agents are able to coordinate. These results are consistent with the presence of non-synchronous and decentralised wage decisions in the United States and the United Kingdom and the presence of synchronous bargaining (in Shunto) and coordination in wage determination in Japan
Action (physics · Aggregate (composite · Commit · Economics · Labour economics · Microeconomics · Offset (computer science · Wage · Computer Science · Economic theories and models · Game Theory and Applications · Merger and Competition Analysis
| Obras citantes distintas | 1 |
|---|---|
| Citações por ano | 0,03 |
| Intervalo de citações | 1997 - 1997 (1) |
| Velocidade de citação | historical |
| Altamente citado | Não |
| Tipos de citação | Neutras: 1 |