Inflation and Unemployment: Macroeconomics With a Range of Equilibria
Part 1 Introduction: the problem of stagflation alternative views. Part 2 Customer markets: retailing in a customer market empirical evidence on customer markets. Part 3 Customer markets, efficiency wage bargaining and the range of equilibria: inducing efficiency. Part 4 Customer markets, group wage bargaining and the range of equilibria: group wage bargaining with specific human capital group wage bargaining with an open trade union group wage bargaining with an insider-dominated trade union. Part 5 The implications for macroeconomic policy of a range of equilibrium levels of unemployment.