01890cas a2200253 a 4500 AALejournalIMF001430 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451844191 1018-5941 BD-DhAAL BD-DhAAL Ramaswamy, Ramana. Centralized Bargaining, Efficiency Wages, and Flexibility / Ramana Ramaswamy, Bob Rowthorn. Washington, D.C. : International Monetary Fund, 1993. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The main focus of the 'wage bargaining' literature has been on the factors promoting real wage flexibility at the macro level. This paper, in contrast, examines the microeconomic issues of wage bargaining. More specifically, this paper appraises the following questions: (a) what are the conditions under which a firm prefers decentralized to centralized bargaining?, (b) what are the characteristic features of firms which prefer decentralized to centralized bargaining?, and (c) has the proportion of firms which prefer decentralized bargaining increased over time? These questions are examined in an efficiency wage model with insider-outsider features. This paper provides useful theoretical insights for understanding the issues involved in shifting from centralized to decentralized wage bargaining. Mode of access: Internet Rowthorn, Bob. IMF Working Papers; Working Paper ; No. 1993/025 Full text available on IMF http://elibrary.imf.org/view/journals/001/1993/025/001.1993.issue-025-en.xml IMF e-Library