A Nonmonopoly Theory of Union Wages and Hours Worked

Dwight W. Adamson and Scott Fausti
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Dwight W. Adamson: South Dakota State University

Journal of Economic Insight, 2007, vol. 33, issue 1, 1-28

Abstract: An extensive literature review considers the union voice effect on firm performance. A theoretical model of labor demand under uncertainty is developed that hypothesizes a linkage between firm performance and the union voice effect. The model generates a positive union effect on wages and hours worked without union monopoly power. The model provides a more detailed conceptual framework for explaining why the union voice effect may improve efficiency within the firm than that currently found in the literature.

JEL-codes: J30 J50 (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:mve:journl:v:33:y:2007:i:1:p:1-28

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