MICROFOUNDATIONS OF BRAGAINING IN AGENCY CONTRACTS

Author

Faculty member of Allameh Tabatabai School of Economics and Vice Chancellor of Eco Insurance Higher Education Institute

Abstract
Bargaining in labour markets is a prevalent process for wages negotiations and employment in which there is a particular aspect clearly apparent in agency negotiations. There is a one-to-one aspect of bargaining between firms and workers that develops into contract negotiation in labour markets. This process and the resulting wage contract, is developed further in this paper in a non-cooperative bargaining model.

Keywords


  • Receive Date 11 May 2016
  • First Publish Date 11 May 2016