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Conference Proceedings (1998), The Global Economy at the Turn of the Century, pp. 293-310

A Two Period Model of Wage Bargaining in Transitional Economies

An interesting contemporary feature of large-sized enterprises in Eastern European transitional economies is the massive financing of investment through retained earnings. This paper uses a monopoly trade union model to investigate the consequences of this mechanism on a firm's employment and wage behavior in a two-period setting.

VRANCEANU, R. (1998). A Two Period Model of Wage Bargaining in Transitional Economies. In: The Global Economy at the Turn of the Century. pp. 293-310.