Aggregate pattern of time-dependent adjustment rules, I: A game-theoretic analysis of staggered versus synchronised wage setting

Economic Journal

Volumn 106, Issue 439, 1996, Pages 1645-1658

  Lau, Sau Him Paul ^a  

^a AUSTRALIAN NATIONAL UNIVERSITY   (Australia)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 4243087442     PISSN: 00130133     EISSN: None     Source Type: Journal    
DOI: 10.2307/2235205     Document Type: Article

References (23)

1. Ball, Laurence and Cecchetti, Stephen G. (1988). 'Imperfect information and staggered price setting.' American Economic Review, vol. 78, December, pp. 999-1018.
2. Ball, Laurence and Romer, David. (1989). 'The equilibrium and optimal timing of price changes.' Review of Economic Studies, vol. 56, April, pp. 179-98.
3. Blanchard, Olivier J. (1986). 'The wage price spiral.' Quarterly Journal of Economics, vol. 101, August, pp. 543-65.
4. Blanchard, Olivier J. and Fischer, Stanley, (1989). Lectures on Macroeconomics. Cambridge: The MIT Press.
5. Blanchard, Olivier J. and Kiyotaki, Nobuhiro. (1987). 'Monopolistic competition and the effects of aggregate demand.' American Economic Review, vol. 77, September, pp. 647-66.
6. De Fraja, Giovanni. (1993). 'Staggered vs. synchronised wage setting in oligopoly.' European Economic Review, vol. 37, December, pp. 1507-22.
7. Fender, John. (1985). 'Comment on R. Jackman, "Counterinflationary policy in a unionised economy with nonsynchronised wage setting."' Scandinavian Journal of Economics, vol. 87(2), pp. 379-81.
8. Fethke, Gary and Policano, Andrew. (1984). 'Wage contingencies, the pattern of negotiation and aggregate implications of alternative contract structures.' Journal of Monetary Economics, vol. 14, September, pp. 151-70.
9. Fethke, Gary and Policano, Andrew. (1986). 'Will wage setters ever stagger decisions?' Quarterly Journal of Economics, vol. 101, November, pp. 867-77.
10. Fischer, Stanley. (1977). 'Long term contracts, rational expectations, and the optimal money supply rule.' Journal of Political Economy, vol. 85, February, pp. 163-90.
11. Gordon, Robert J. (1982). 'Why US. wage and employment behaviour differs from that in Britain and Japan.' ECONOMICAL JOURNAL, vol. 92, March, pp. 31-44.
12. Jackman, Richard. (1985). 'Counterinflationary policy in a unionised economy with nonsynchronised wage setting.' Scandinavian Journal of Economics, vol. 87(2), pp. 357-78.
13. Koshiro, Kazutoshi. (1983). 'Development of collective bargaining in postwar Japan.' In Contemporary Industrial Relations in Japan (ed. Taishiro Shirai), pp. 205-57. Madison: University of Wisconsin Press.
14. Lau, Sau-Him Paul. (1996). 'Aggregate pattern of time-dependent adjustment rules, II: strategic complementarity and endogenous nonsynchronisation.' Department of Economics, Australian National University.
15. Layard, Richard, Nickell, Stephen and Jackman, Richard. (1991). Unemployment - Macroeconomic Performance and the Labour Market. New York: Oxford University Press.
16. Maskin, Eric and Tirole, Jean. (1987). 'A theory of dynamic oligopoly, III.' European Economic Review, vol. 31, June, pp. 947-68.
17. Maskin, Eric and Tirole, Jean. (1988a). 'A theory of dynamic oligopoly, I: overview and quantity competition with large fixed costs.' Econometrica, vol. 56, May, pp. 549-69.
18. Maskin, Eric and Tirole, Jean. (1988b). 'A theory of dynamic oligopoly, II: price competition, kinked demand curves, and Edgeworth cycles.' Econometrica, vol. 56, May, pp. 571-99.
19. Rotemberg, Julio, J. (1982). 'Sticky prices in the United States.' Journal of Political Economy, vol. 90, December, pp. 1187-211.
20. Sheshinski, Eytan and Weiss, Yoram. (1992). 'Staggered and synchronized price policies under inflation: the multiproduct monopoly case.' Review of Economic Studies, vol. 59, April, pp. 331-59.
21. Taylor, John B. (1979). 'Staggered wage setting in a macro model.' American Economic Review, vol. 69, May, pp. 108-13.
22. Taylor, John B. (1980). 'Aggregate dynamics and staggered contracts.' Journal of Political Economy, vol. 88, February, pp. 1-23.
23. Tirole, Jean. (1988). The Theory of Industrial Organization. Cambridge: MIT Press.