Optimum Organization of the Labor Market in a Small Open Economy

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

Resumé

In Denmark labor has been organized in independent but cooperating craft unions for more than a century. Within an extremely simple model of a small open economy facing imperfect competition, we analyze four different ways of organizing the labor market and show that the Danish model (partial centralization of the wage setting process) may be accounted for as the outcome of a two-stage Nash bargaining game, being robust in relation to changes in market conditions, and likely close to optimum from the point of view of society as a whole.
OriginalsprogEngelsk
TidsskriftLabour Economics
Vol/bind19
Udgave nummer2
Sider (fra-til)222-131
Antal sider10
ISSN0927-5371
DOI
StatusUdgivet - 2012

Bibliografisk note

Available online 11 November 2011

Citer dette

@article{84dfffc0035645eba3fe674bf8acfd00,
title = "Optimum Organization of the Labor Market in a Small Open Economy",
abstract = "In Denmark labor has been organized in independent but cooperating craft unions for more than a century. Within an extremely simple model of a small open economy facing imperfect competition, we analyze four different ways of organizing the labor market and show that the Danish model (partial centralization of the wage setting process) may be accounted for as the outcome of a two-stage Nash bargaining game, being robust in relation to changes in market conditions, and likely close to optimum from the point of view of society as a whole.",
keywords = "Labor Market Organization, Wage Bagaining, Craft Unions, Industrial Cartels",
author = "Niels Blomgren-Hansen",
note = "Available online 11 November 2011",
year = "2012",
doi = "10.1016/j.labeco.2011.10.005",
language = "English",
volume = "19",
pages = "222--131",
journal = "Labour Economics",
issn = "0927-5371",
publisher = "Elsevier BV North-Holland",
number = "2",

}

Optimum Organization of the Labor Market in a Small Open Economy. / Blomgren-Hansen, Niels.

I: Labour Economics, Bind 19, Nr. 2, 2012, s. 222-131.

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

TY - JOUR

T1 - Optimum Organization of the Labor Market in a Small Open Economy

AU - Blomgren-Hansen, Niels

N1 - Available online 11 November 2011

PY - 2012

Y1 - 2012

N2 - In Denmark labor has been organized in independent but cooperating craft unions for more than a century. Within an extremely simple model of a small open economy facing imperfect competition, we analyze four different ways of organizing the labor market and show that the Danish model (partial centralization of the wage setting process) may be accounted for as the outcome of a two-stage Nash bargaining game, being robust in relation to changes in market conditions, and likely close to optimum from the point of view of society as a whole.

AB - In Denmark labor has been organized in independent but cooperating craft unions for more than a century. Within an extremely simple model of a small open economy facing imperfect competition, we analyze four different ways of organizing the labor market and show that the Danish model (partial centralization of the wage setting process) may be accounted for as the outcome of a two-stage Nash bargaining game, being robust in relation to changes in market conditions, and likely close to optimum from the point of view of society as a whole.

KW - Labor Market Organization

KW - Wage Bagaining

KW - Craft Unions

KW - Industrial Cartels

U2 - 10.1016/j.labeco.2011.10.005

DO - 10.1016/j.labeco.2011.10.005

M3 - Journal article

VL - 19

SP - 222

EP - 131

JO - Labour Economics

JF - Labour Economics

SN - 0927-5371

IS - 2

ER -