 | University of Wisconsin Verified email at ssc.wisc.edu Cited by 2751 |
J Kennan… - Journal of Economic Literature, 1993 - JSTOR
BARGAINING is usually interpreted as the process of arriving at mutual agreement on the
provisions of a contract. In the economic realm, the prototype is exchange between a seller
and a buyer of an item for money: the contract specifies the price paid for the item. In a ...
J Kennan - Handbook of labor economics, 1986 - Elsevier
Note: This is a one-page preview only. Click here to download preview. ... Enable JavaScript
for PDF Excerpt to view it inline. ... * I thank Dan Hamermesh, Alan Harrison, George
Neumann, Barry Sopher and Neil Wallace for helpful comments. I am also grateful to the ...
J Kennan… - International Economic Review, 1988 - JSTOR
* Manuscript received July 1986; revised January 1987 l We thank Avinash Dixit and Forrest
Nelson for valuable comments on an earlier draft. 2 For example, Baumol and Blinder (1985,
p. 743) assert that" Tariffs can benefit a country that is able to impose them without fear of ...
PT Geary… - The Journal of Political Economy, 1982 - JSTOR
The neoclassical and Keynesian theories of employment both predict an inverse
relationship between employment and real wages in the short run. The observed correlation
between employment and real wages, however, has usually failed to conform to this ...
J Kennan… - Canadian Journal of Economics, 1990 - JSTOR
We construct a model of customs unions in which countries charge optimal tariffs. Customs
unions internalize the externality that exists whenever two countries import the same good.
Also, customs unions make several countries into one large unit with more market power. ...
J Kennan - Econometrica: Journal of the Econometric Society, 1979 - JSTOR
The partial adjustment model has been used in many areas of applied economics as a
description of optimal behavior in the face of adjustment costs. The model requires a
specification of how expectations are formed; for example static or adaptive expectations ...
J Kennan… - Journal of Applied Econometrics, 1989 - Wiley Online Library
Abstract Attrition, screening, and signalling models of strategic bargaining are characterized
in terms of their predictions about the incidence, mean duration, and settlement rates of
strikes and the terms of wage settlements. These predictions are compared with the ...
J Kennan… - Econometrica, 2011 - Wiley Online Library
This paper develops a tractable econometric model of optimal migration, focusing on
expected income as the main economic influence on migration. The model improves on
previous work in two respects: it covers optimal sequences of location decisions (rather ...
J Kennan - Journal of Economic Literature, 1995 - JSTOR
The US MINIMUM WAGE is now $4.25. per hour, and Congress is talking about increasing
it. If the minimum were to be increased to $25 per hour many workers would lose their jobs.
Cause and effect would be obvious, even to the most jaundiced eye. If the minimum is ...
J Kennan - Journal of Econometrics, 1985 - Elsevier
Abstract This paper develops new evidence on the hazard function for strike duration, and
on cyclical changes in this function, using data on contract strikes in US manufacturing
industries. A flexible duration model is estimated, and it is found that the hazard rate is ...
J Kennan - Journal of Labor Research, 1980 - Springer
Although labor economists have devoted a good deal of time to the study of strikes, the
economic theory of strikes is still quite unsatisfactory. The leading model, proposed by
Ashenfelter and Johnson [1](AJ), assumes that the workers' resistance curve is given, and ...
R Forsythe,
J Kennan… - The American Economic Review, 1991 - JSTOR
We study two-player pie-splitting games in which one player knows the pie and the other
knows only its probability distribution. We compare treatments in which incentive-efficient
strikes (disagreements) are possible with alternatives in which efficiency forbids strikes. ...
J Kennan - Review of Economic Studies, 2010 - Wiley Online Library
Shimer (2005) pointed out that although we have a satisfactory theory of why some workers
are unemployed at any given time, we don't know why the number of unemployed workers
varies so much over time. The basic Mortensen–Pissarides model does not generate ...
J Kennan - Econometrica: Journal of the Econometric Society, 1988 - JSTOR
The paper contains a simple equilibrium model of the labor market. The supply function
allows for intertemporal substitution in response to real wage fluctuations, and the demand
function allows for adjustment costs on employment. The supply and demand functions ...
J Kennan - Review of Economic Studies, 2001 - Wiley Online Library
The paper analyses repeated contract negotiations involving the same buyer and seller
where the contracts are linked because the buyer has persistent (but not full y permanent)
private information. The size of the surplus being divided is specified as a two-state ...
J Kennan… - The American Economic Review, 1990 - JSTOR
Much effort has recently been devoted to the development of strategic models of bargaining
with private information. At the same time, empirical analyses of data on collective
bargaining in the labor market have generated an interesting list of facts to be explained. ...
J Kennan - The Review of Economic Studies, 1989 - restud.oxfordjournals.org
Abstract In the theory of competitive markets agents act as if they do not affect prices. By
analogy with the language of econometrics, agents may be said to take prices as
“exogenously given”, which suggests that prices are econometrically exogenous in ...
[CITATION] Why Does the Information Matrix Test Reject Too Often?: A Diagnosis of Some Monte Carlo Symptoms
J Kennan, GR Neumann… - 1988 - Hoover Institution, Stanford …
J Kennan - Economics Letters, 1979 - Elsevier
Economics Letters 3 (1979) 6166 NorthHolland Publishing Company BONDING AND THE ENFORCEMENT
OF LABOR CONTRACTS John KENNAN Brown University, Providence, RI 02912, USA Received
29 July 1979 Bonded contracts are a perfect substitute for legally enforceable contracts, if ...
This paper is primarily an attempt to document the facts about cyclical fluctuations in
employment and real wages, using postwar monthly data from manufacturing industries in
six countries. The main question is whether or not the data could have been generated by ...
B Katzman,
J Kennan… - Journal of Economic Theory, 2003 - Elsevier
Monetary uncertainty and information lags are put into a random matching model so that the
resulting setting has some meetings in which producers are relatively informed and others in
which consumers are relatively informed. For that setting, the ex ante socially optimal way ...
J Kennan… - Science, 1990 - sciencemag.org
Abstract Contract negotiations over wages are sometimes accompanied by strikes; similarly
in legal contexts, settlements of damage claims may require lengthy negotiations. These and
other costly delays in resolving disputes are the subject of the studies described in this ...
[CITATION] The effect of unemployment insurance payments on strike duration
J Kennan - Unemployment Compensation: Studies and Research, 1980
[CITATION] Dividing a shrinking pie: an experimental study of strikes in bargaining games with complete information
R Forsythe, J Kennan… - Research in …, 1991 - Greenwich, Conn.: JAI Press
The Lagos-Wright model--a monetary model in which pairwise meetings alternate in time
with a centralized meeting--has been extensively analyzed, but always using particular
trading protocols. Here, trading protocols are replaced by two alternative notions of ...
PJ Hammond… - International Economic Review, 1979 - JSTOR
In the theory of optimal economic growth, the problem of non-existence is a familiar one.
With an infinite horizon, it seems all too easy to have an infinite sequence of paths, each
better than its predecessor, converging to a path which is not optimal. A classic instance is ...
[CITATION] An Econometric Analysis of Equilibrium Labor Market Fluctuations
J Kennan - Econometrica, 1983
J Kennan - Rev. Economic Dynamics, 2001 - ssc.wisc.edu
ABSTRACT. The square root function has a unique positive¿ xed point. This function has the
following properties: it is strictly increasing and strictly concave, with sEf'f, sE@:@ for@, and
sEK K for K:. It is shown that any function from U n to U n satisfying these properties has a ...
J Kennan - Japan and the World Economy, 1995 - Elsevier
Labor contracts are repeated, and the current negotiation apparently affects negotiations on
the next contract. There is evidence that the likelihood of a strike is influenced by what
happened before the previous contract was signed. To analyze whether private ...
J Kennan - NBER Macroeconomics Annual, 2005 - JSTOR
The main theme of Robert Hall's paper is that cyclical fluctuations in unemployment are
driven almost entirely by fluctuations in the jobfinding rate, as opposed to fluctuations in the
separation rate from employment, and that we do not yet have a satisfactory theory for why ...
Geographical wage differentials are large and persistent, despite large migration flows.
There are also large geographical differences in welfare benefits, and policy-makers
express concerns that these differences might create" welfare magnets" in some locations. ...
J Kennan… - Journal of Econometrics, 2010 - Elsevier
Differences in economic opportunities give rise to strong migration incentives, across
regions within countries, and across countries. In this paper we focus on responses to
differences in welfare benefits across States within the United States. We apply the model ...
J Kennan - Econometrica: Journal of the Econometric Society, 1981 - JSTOR
SUPPOSE ONE WISHES to use a model of expected utility maximization to describe the
actions of an economic agent. If the model is to be useful, there should be at least one action
available to the agent which maximizes expected utility over the set of all feasible actions. ...
J Kennan - University of Wisconsin, Madison, 1998 - ssc.wisc.edu
2. "The demand for anything is likely to be less elastic, the less important is the part played by
the cost of that thing in the total cost of some other thing, in the production of which it is
employed." ... 3. "The demand for anything is likely to be more elastic, the more elastic is ...
J Kennan… - Forthcoming, Econometrica, 2010 - ssc.wisc.edu
Abstract The paper develops a tractable econometric model of optimal migration, focusing
on expected income as the main economic influence on migration. The model improves on
previous work in two respects: it covers optimal sequences of location decisions (rather ...
[CITATION] Minimum Wage Regulation
J Kennan - The New Palgrave Dictionary of Economics and the …, 1998
The effects on ex ante optima of a lag in seeing monetary realizations are studied using a
matching model of money. The main new ingredient in the model is meetings in which
producers have more information than consumers. A consequence is that increases in the ...
JP Kennan, RB Ruback… - Fed. Probation, 1994 - HeinOnline
Page 1. Measuring the Military Atmosphere of Boot Camps By JOHN P KEENAN,
R. BARRY RUBACK, AND JUDITH G. HADLEY* ORRECTIONAL BOOT camps are
programs characterized by a military atmosphere, that is, by ...
[CITATION] Some International Evidence on Cyclical Fluctuations in Product and Labor Markets
J Kennan… - University of Iowa College of Business Administration …, 1982
[CITATION] Repeated wage bargaining with private information
J Kennan… - 1992 - mimeo, University of Wisconsin
J Kennan - unpublished, November, 2003 - ssc.wisc.edu
Abstract Because it takes time for workers and employers to find each other, a successful
match yields a surplus to be divided between them. This paper analyzes the possibility that
conflict over the division of the surplus might break up the match, either temporarily or ...
Abstract The Lagos-Wright model has been analyzed using particular trading protocols.
Here, weakly and strongly implementable allocations are studied, where weak and strong
are used in the sense of (weak) Nash (immune to individual defection) and strong Nash ( ...
[CITATION] Informational conflict and business cycles
J Kennan - 2000 - Mimeo. University of Wisconsin- …
[CITATION] The economics of strikes.'In 0. Ashenfelter and R. Layard, eds, Handbook of Labor Economics, vol. 2
J Kennan - New York: North-Holland)(1980)'Pareto optimality and …, 1986
[CITATION] The Economics of Strikes", Ch. 19, 1091-1137
J Kennan - Handbook of
[CITATION] Collective Rationality and the Economic Theory of Strikes
J Kennan - 1977 - Department of Economics, McMaster …
[CITATION] Simultaneous equations bias in estimates of supply and demand functions using disaggregated data.'
J Kennan - 1985 - University of Iowa Working Paper No …
[CITATION] Strategic Bargaining Methods and Interpretation of Strike Data
J Kennan… - 1988 - unpublished manuscript, New York …
[CITATION] mStrategic Bargaining Models and Interpretation of Strike Data, nJournal of Applied Econometrics, 4, supplement
K John… - S87&S130, 1989
[CITATION] Real wages and employment in Canadian manufacturing: a time series analysis.'
J Kennan - Unpublished paper, Univ. Iowa, 1979
J Kennan - NBER Macroeconomics Annual, 1986 - JSTOR
Evidently, if c< b then V'(w) is always positive (since F, 1). In this case the union would
maximize utility by setting an extremely high wage, implying that virtually no one would be
employed (that is, the union would act as a monopolist facing inelastic demand). Assume ...
[CITATION] The Effect of Expected Income on Migration Decisions
J Kennan… - 2009 - manuscript
[CITATION] The Effect of Expected Income on Individual
J Kennan… - 2011
[CITATION] nThe Effect of Expected Income on Individual Migration Decisions. oWorking Paper
J Kennan… - University of Wisconsin&Madison, 2005
[CITATION] Average switching costs in dynamic logit models
J Kennan - University of Wisconsin–Madison, 2008
J Kennan - unpublished, University of Wisconsin-Madison, 1998 - econ.wisc.edu
This paper extends the standard two-period bargaining model with one-sided private
information to allow for transitions in the buyer's valuation between periods. The starting
point is Fudenberg and Tirole (1983). An uninformed seller makes an offer in the first ...
[CITATION] Forthcoming.“Private Information, Wage Bargaining and Employment Fluctuations.”
J Kennan - Review of Economic Studies
JF Kennan - 1973 - en.scientificcommons.org
Publication View. 34763392. Theories of factor demand of a competitive firm with adjustment
costs and stochastic prices. (1973). Kennan, John. Abstract. Ph.D. (Economics) -- Northwestern
University, 1973. Publication details. Download, http://worldcat.org/oclc/71849835. ...
J Kennan - Slides, SED, 2011 - ssc.wisc.edu
Abstract There is a large body of evidence indicating that cross-country differences in
income levels are associated with differences in productivity. If workers are much more
productive in one country than in another, restrictions on immigration lead to large ...
[CITATION] 1999 NORTH AMERICAN WINTER MEETING OF THE ECONOMETRIC SOCIETY
J Kennan, S Zin, N Wallace… - Econometrica, 1999 - Econometric Society
[CITATION] Three Books Affecting Possible Solutions
JC Kennan - The Journal of Higher Education, 1937 - JSTOR
J Kennan, A Auerbach, BP Economics, S Zin… - …, 1999 - Wiley Online Library
Requests for nomination forms as well as completed forms should be sent to: Professor Julie
P. Gordon, Secretary, The Econometric Society, Department of Economics, Northwestern
University, Evanston, Illinois 60208-2600. Members or Fellows supplying completed ...
J Kennan, J Songy… - J. Tax Prac. & Proc., 2004 - HeinOnline
For the past several years, the Treasury and the 1RS have focused their efforts on
eliminating abusive tax avoidance transactions. One tool utilized by the government in these
efforts is regulations requiring taxpayers to disclose certain types of transactions that could ...
D Acemoglu, F Alvarez, A Casella, VV Chari… - …, 1999 - Wiley Online Library
The program will include invited lectures and both invited and contributed papers. For
additional information and updated information about the meetings, see announcements in
subsequent issues of Econometrica or on the Internet at the following address: http: rrwww ...
We review empirical analyses of migration decisions, using life-cycle models to interpret
migration histories. The starting points are Schultz (1961), who considered migration as a
form of investment in human capital, and DeVanzo (1983), who documented the richness ...
J Kennan - 2005 - socsci.uci.edu
The main theme of Robert Hall's paper is that cyclical fluctuations in unemployment are
driven almost entirely by fluctuations in the job-finding rate, as opposed to fluctuations in the
separation rate from employment, and that we do not yet have a satisfactory theory for why ...
D Acemoglu, J Altonji, D Autor, S Black… - Journal of Labor …, 2010 - JSTOR
Shimer received his PhD from MIT in 1996; one of his advisors was Daron Acemoglu, winner
of the inaugural Sherwin Rosen Prize in 2004. Shimer's work is mainly concerned with the
implications of labor market frictions. Labor economists have always stressed the idea that ...
Fluctuations in the level of aggregate economic activity are of interest largely because of the
suspicion that they are inefficient. No sensible economist expects that the US unemployment
rate (now at 4.7%) will stay below 6% for the next five years. But why shouldn't it? This ...
[CITATION] Labor demand: Princeton[ua], Princeton Univ. Press, 1993
J Kennan - Journal of economic literature, 1995
Abstract In the US there are large differences across States in the extent to which college
education is subsidized, and there are also large differences across States in the proportion
of college graduates in the labor force. State subsidies are apparently motivated in part by ...
[CITATION] A Jolt for Conservative Faculties
JC Kennan - The Journal of Higher Education, 1937 - JSTOR
J Kennan… - The economics of labor unions/edited by …, 2002 - dialnet.unirioja.es
Información del artículo Bargaining with private information.
Create email alert
About Google Scholar - All About Google - My Citations
©2012 Google