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||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 industries; Monopoly unions; Adjustment assistance||JEL Codes:||D61; E24; J51; R13||Subject LCSH:||Wages
Trade adjustment assistance
|Language:||en||Status of Item:||Not peer reviewed||This item is made available under a Creative Commons License:||https://creativecommons.org/licenses/by-nc-sa/1.0/|
|Appears in Collections:||Economics Working Papers & Policy Papers|
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