Declining industries and monopoly unions : a further argument against protection

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Title: Declining industries and monopoly unions : a further argument against protection
Authors: Barry, Frank
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Date: Feb-1995
Online since: 2010-01-15T14:35:44Z
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.
Item notes: A hard copy is available in UCD Library at GEN 330.08 IR/UNI
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 industriesMonopoly unionsAdjustment assistance
JEL Codes: D61; E24; J51; R13
Subject LCSH: Wages
Labor unions
Trade adjustment assistance
Equilibrium (Economics)
Language: en
Status of Item: Not peer reviewed
This item is made available under a Creative Commons License:
Appears in Collections:Economics Working Papers & Policy Papers

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