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Prices and Wages Under Bilateral Monopoly

William Fellner

University of California System

Present state of the theory, 503. — Three cases, 505. — Diagrammatic presentation, 507. — Extension to labor-management relations: assumption I, 509; assumption II, 510; assumption III, 511. — Some complicating factors: supply of labor, 516; efficiency of labor, 518; discontinuities in the value product functions, 519. — Wage theory on the general equilibrium level, 520. — Reconsideration of the theory of bilateral monopoly, 523. — Institutional obstacles to movement to the contract curve, 524. — The contract curve and the concept of the "solution, " 528. — The range of indeterminateness, 530.

DOI

10.2307/1885048

Volume

61 (4)

Pages

503

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