This paper explores the role that employers’ associations may play in centralized wage bargaining processes. It thereby adds to the literature on labor markets, in which the relationship between union behavior and unemployment has been explored quite extensively, while employers’...

This paper explores the anticompetitive effects that wage determination between an employers’ association and the industry’s labor union may have when wages are generally binding. It is shown that employers’ associations can, under certain circumstances, use generally binding standard...

In the literature on international trade, very little attention has been given to informational asymmetries between firms and consumers with respect to product quality. The few economic models that analyze the question of how asymmetric information about product quality might affect trade flows...