Echenique, Federico (2012) Contracts versus Salaries in Matching. American Economic Review, 102 (1). pp. 594-601. ISSN 0002-8282. doi:10.1257/aer.102.1.594. https://resolver.caltech.edu/CaltechAUTHORS:20171102-165954225
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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.
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| Additional Information: | © 2012 American Economic Association. 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. | |||||||||||||||
| Issue or Number: | 1 | |||||||||||||||
| Classification Code: | JEL: C78, D86, J31, J41 | |||||||||||||||
| DOI: | 10.1257/aer.102.1.594 | |||||||||||||||
| Record Number: | CaltechAUTHORS:20171102-165954225 | |||||||||||||||
| Persistent URL: | https://resolver.caltech.edu/CaltechAUTHORS:20171102-165954225 | |||||||||||||||
| Usage Policy: | No commercial reproduction, distribution, display or performance rights in this work are provided. | |||||||||||||||
| ID Code: | 82923 | |||||||||||||||
| Collection: | CaltechAUTHORS | |||||||||||||||
| Deposited By: | Jacquelyn Bussone | |||||||||||||||
| Deposited On: | 03 Nov 2017 17:43 | |||||||||||||||
| Last Modified: | 15 Nov 2021 19:54 |
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