Altruism, union utility and outsiders
Abstract
Provides a general approach for the incorporation of the influence of insiders and outsiders in the union utility. In particular, the specification is such that the weight of the influence of the outsiders can vary; and this makes it possible to consider different degrees of union altruism and also to embrace all the previous work on the subject. Examines both the monopoly union and the efficient bargain cases. Comparative statics analysis provides some interesting results, such as that wages are more inflexible downwards.
Keywords
Citation
Drakopoulos, S.A. and Skåtun, J.D.F. (1997), "Altruism, union utility and outsiders", Journal of Economic Studies, Vol. 24 No. 6, pp. 392-401. https://doi.org/10.1108/01443589710185932
Publisher
:MCB UP Ltd
Copyright © 1997, MCB UP Limited