Nalebuff, Barry; Sansing, Richard - In: Economics and Politics 8 (1996) 1, pp. 51-59
We analyze a voting model in which a democratic monopoly labor union rationally shrinks towards zero over time. In our model, preferences are not single-peaked so that this shrinkage may occur in spite of objections by the median voter. We characterize the wage-employment path as a function of...