Declining industries and monopoly unions : a further argument against protection
|Title:||Declining industries and monopoly unions : a further argument against protection||Authors:||Barry, Frank||Permanent link:||http://hdl.handle.net/10197/1773||Date:||Feb-1995||Abstract:||Wage stickiness is frequently cited as a justification (temporary) protection when a sector is hit by an adverse shock. The present paper, rather than assuming arbitrary wage stickiness, instead models it as an outcome of monopoly union behaviour. It is shown that if intervention was not undertaken before the shock, because of a high marginal social cost of taxation, protection or subsidisation is even less appropriate after the shock occurs.||Type of material:||Working Paper||Publisher:||University College Dublin. School of Economics||Series/Report no.:||UCD Centre for Economic Research Working Paper Series; WP95/4||Keywords:||Declining industries; Monopoly unions; Adjustment assistance||Subject LCSH:||Wages
Trade adjustment assistance
|Language:||en||Status of Item:||Not peer reviewed|
|Appears in Collections:||Economics Working Papers & Policy Papers|
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