enterprise formation is adversely affected by economic risks, unemployment compensation, union power, and labor protection …

numerically. The main result is that an increase in union power reduces the equilibrium rate of entrepreneurship and reduces the …

South. In the North, there is wage bargaining between a labor union and firms, and a minimum wage rate exists. Unilateral …

from autarky to free trade with a symmetric partner country lowers union wage claims and therefore stimulates employment … environment as well as on the degree of centralization in union wage setting. Finally, the distribution of profit income across …

union wage setting. Being interested in the consequences of openness, we show that, in the short-run, trade increases … export of jobs. -- general oligopolistic equilibrium ; union wage setting ; asymmetric labor market institutions ; trade … liberalization ; capital mobility ; decentralization in union wage setting …

We analyze union behavior in a model with membership dynamics and compare the labor market outcomes to static union … overstate distortions caused by unions only holds in the special case of firm-level wage setting. If, however, the union is big … enough to determine employment for the whole sector, it rather depends on both the elasticity of labor demand and union …

benefits to constitute the trade union's relevant outside option, intensified credit market competition will increase …