Ex-ante price commitment with renegotiation in a dynamic market

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Masters, Adrian; Muthoo, Abhinay;
  • Publisher: Economics Department, University of Warwick
  • Subject: HF

This paper studies a dynamic model of a market such as a labour market in which firms post wages and search for workers but trade may occur at a negotiated wage procedure in markets characterized by match-specific heterogeneity. We study a model of a market in which, in e... View more
  • References (17)
    17 references, page 1 of 2

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