Optimal contracts and the role of the government in wage bargainingEconomics Letters (2012)
AbstractThis paper introduces a contract between the government and trade unions in a model of strategic wage bargaining à la Lippi (2003). It shows that an optimal contract can be implemented through an appropriately defined inflation target.
- Fiscal policy commitment,
- wage contract,
- wage bargaining,
- social pact
Citation InformationLilia Cavallari. "Optimal contracts and the role of the government in wage bargaining" Economics Letters Vol. 115 (2012)
Available at: http://works.bepress.com/lilia_cavallari/13/