Bartolomeo, Giovanni Di; Acocella, Nicola; Pauwels, Wilfried - Fondazione ENI Enrico Mattei (FEEM) - 2004
This paper studies corporatism as the outcome of bargaining between the government and a representative labor union. When negotiations between these two parties only relate to macroeconomic stabilization, we show that corporatism can never be beneficial to both parties. As corporatist policies...
