Union Behavior, Industry Rents, and Optimal Policies

Union Behavior, Industry Rents, and Optimal Policies
This paper examines the supposed welfare gains from strategic trade and industrial policies in the U.S. steel industry. Strategic policies to capture labor rents lead to an endogenous response which greatly diminishes their importance. On the other hand, reducing domestic labor market distortions results in welfare gains nearly as large as those... READ MORE...

Publication date: December 1996
ISBN 9781451856293
$15.00

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