Walsh, Frank(University College Dublin; School of Economics, 2005-11)
I argue that in contrast to the literature to date efficiency wage and bargaining
solutions will typically be independent. If the bargained wage satisfies the efficiency
wage constraint efficiency wages are irrelevant. ...
We show in a theoretical efficiency wage model where firms differ in monitoring intensity that the impact of monitoring intensity on wages is ambiguous, a result that mirrors evidence from the empirical literature. We argue ...
We explicitly model the vertical spillovers that result from imperfections in both labour and product markets. We model the vertical spillovers from wage determination in an upstream labour market to market share performance ...
Walsh, Frank(University College Dublin. School of Economics, 2000-11)
Wallers (1989) model which incorporates an effort augmented production function into a
traditional Keynesian analysis of supply and demand shocks is generalised by not
restricting the elasticity of substitution between ...
In a model with rigid nominal wages, full information and competitive product markets, I show that when an effort augmented production function is incorporated into an analysis of supply and demand shocks, the outcomes are ...
Walsh, Frank(University of Chicago Press, 1999-04)
The pattern of effort and wages is derived in a multisector efficiency wage model. Firms choose effort endogenously. Easily monitored or low-turnover jobs have high effort and may have low wages in equilibrium. Empirical ...