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Declining industries and monopoly unions : a further argument against protection

Author

Listed:
  • Frank Barry

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.

Suggested Citation

  • Frank Barry, 1995. "Declining industries and monopoly unions : a further argument against protection," Working Papers 199504, School of Economics, University College Dublin.
    • Handle: RePEc:ucn:wpaper:199504
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10197/1773
    File Function: First version, 1995
    Download Restriction: no
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    More about this item

    Keywords

    Declining industries; Monopoly unions; Adjustment assistance; Wages; Labor unions; Trade adjustment assistance; Equilibrium (Economics);
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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