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Declining industries and monopoly unions : a further argument against protection
Barry, Frank
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. A hard copy is available in UCD Library at GEN 330.08 IR/UNI
Keyword(s): Declining industries; Monopoly unions; Adjustment assistance; D61; E24; J51; R13; Wages; Labor unions; Trade adjustment assistance; Equilibrium (Economics)
Publication Date:
Type: Working paper
Peer-Reviewed: Unknown
Language(s): English
Institution: University College Dublin
Publisher(s): University College Dublin. School of Economics
File Format(s): other; application/pdf
First Indexed: 2012-08-25 05:21:57 Last Updated: 2018-10-11 15:42:35