union. Applying the (asymmetric) Nash bargaining solution, we find that under reasonable conditions, it is beneficial for at … tariff unions. -- Trade-union formation ; wage-employment bargains ; Nash bargaining solution ; industry and professional …

; bargaining centralization …

welfare gains but gives rise to large wage differentials. -- job search ; wage bargaining ; wage differentials ; unemployment …

South. In the North, there is wage bargaining between a labor union and firms, and a minimum wage rate exists. Unilateral … bargaining above a given minimum wage promotes mercantilist behavior of developed countries. -- globalization : product cycle …