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
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 industriesMonopoly unionsAdjustment assistance
Subject LCSH: Wages
Labor unions
Trade adjustment assistance
Equilibrium (Economics)
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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