Echenique, Federico (2010) Contracts vs. Salaries in Matching. Social Science Working Paper, 1322. California Institute of Technology , Pasadena, CA. http://resolver.caltech.edu/CaltechAUTHORS:20101008-093110872
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Abstract
Firms and workers may sign complex contracts that govern many aspects of their interactions. I show that when firms regard contracts as substitutes, bargaining over contracts can be understood as bargaining only over wages. Substitutes is the assumption commonly used to guarantee the existence of stable matchings of workers and firms.
| Item Type: | Report or Paper (Working Paper) |
|---|---|
| Additional Information: | I thank Vince Crawford, Flip Klijn, Scott Kominers, and Michael Ostrovsky for very useful comments. I am also very grateful to three anonymous referees for their thoughtful questions and suggestions. |
| Group: | Social Science Working Papers |
| Subject Keywords: | Contracts, Substitutes, Gross Substitutes, Stable Matching |
| Classification Code: | JEL classication numbers: C78 |
| Record Number: | CaltechAUTHORS:20101008-093110872 |
| Persistent URL: | http://resolver.caltech.edu/CaltechAUTHORS:20101008-093110872 |
| Usage Policy: | No commercial reproduction, distribution, display or performance rights in this work are provided. |
| ID Code: | 20348 |
| Collection: | CaltechAUTHORS |
| Deposited By: | Shirley Johnson |
| Deposited On: | 08 Oct 2010 16:39 |
| Last Modified: | 26 Dec 2012 12:30 |
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